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 ...

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