Korean Air recorded a consolidated net loss of KRW175 billion ($149 million) for the first quarter, up from a KRW133 loss in the same period a year earlier. The net loss was due mainly to impairment costs related to its financial exposure to struggling sister company Hanjin Shipping. Korean Air achieved an operating profit of KRW323 billion for the period, which was a record for the carrier and an increase of KRW133 billion from the previous year. Consolidated revenue was essentially flat ...

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