Rendering of CS300 in Korean Air livery
Korean Air reported a consolidated net loss of KRW642 billion ($565 million) in the fourth quarter of 2016, reversed from a profit of KRW132 billion in the same period a year earlier. The full-year 2016 loss was KRW557 billion, slightly better than the KRW563 billion loss in 2015. The Seoul-based carrier recorded an operating profit of KRW178 billion for the fourth quarter, with foreign currency-related losses and interest costs the main reason for the net loss. Losses related to Korean ...
Subscribe to Access this Entire Article
"Korean Air posts 2016 net loss; set to take new aircraft deliveries " 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.