Korean Air recorded a first-quarter net loss of KRW10 billion ($9.2 million), reversed from a KRW559 billion net profit in the same period last year. The Seoul-based airline cited exchange rate movements and higher costs for the loss. Excluding non-operating items such as exchange rate losses, Korean achieved an operating profit of KRW166 billion, down 13.2% from the previous year. The carrier noted it achieved “strong sales growth” of 8.2% year-over-year (YOY) in the first ...

Subscribe to Access this Entire Article

"Korean Air posts 1Q net loss on exchange rate shifts, higher costs" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? Log in here.