Asiana Airlines swung to a standalone operating loss of 295.1 billion won ($207.4 million) in the second quarter from a 34 billion won profit a year earlier, as the full effect of last August's cargo freighter divestiture, higher fuel prices, a weaker won and largely one-time costs tied to its planned December merger with Korean Air outweighed solid passenger demand. Revenue fell 7.7% to 1.55 trillion won ($1.1 billion), while net income turned to a 328.6 billion won loss from a 233.2 billion won profit. Passenger revenue rose 15% to 1.28 trillion won as load factors improved by 5 percentage points and unit revenue increased 10% despite a 2% drop in capacity, but cargo revenue fell 256.5 billion won to 114.7 billion won. Asiana said spending on service upgrades and integration work, including in-flight meals, cabin interiors and lounges, also weighed on results, while the won-dollar rate ended the quarter at 1,542 won, up 107 won from the end of last year, increasing foreign-currency translation losses. The airline expects third-quarter performance to improve as oil prices and exchange rates stabilize and peak summer and cargo demand lift traffic, with Kobe shifting to scheduled flights in September, Fukuoka expanding to twice-daily service and belly cargo supported by semiconductor and AI-related freight.