Korean Air posted a KRW272 billion ($247.5 million) net loss for the fourth quarter and a KRW458 deficit for the full year, widened from a KRW57 billion loss recorded in the year-ago period. The Korean flag carrier has not been able to reap the financial benefits of low fuel prices that other airlines have, as unfavorable exchange rate shifts continue to negate the fuel cost cuts. Korean achieved an operating profit of KRW153 billion in the quarter due to fuel savings, an improvement from a ...

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