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Asiana swings to $84 million first-quarter profit

Asiana Airlines reported first-quarter net income of KRW958 billion ($83.8 million), reversed from a KRW2.62 trillion net loss in the year-ago period, on a 27.4% rise in revenue to KRW11.76 trillion.

Asiana Airlines reported first-quarter net income of KRW958 billion ($83.8 million), reversed from a KRW2.62 trillion net loss in the year-ago period, on a 27.4% rise in revenue to KRW11.76 trillion. The carrier said that "passenger and cargo demand started to recover" in the second half of last year and continued to rebound in this year's first three months. Expenses increased 1.7% to KRW10.61 trillion. Operating income of KRW1.15 trillion, reversed from a KRW1.2 trillion ...

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