Korean Air said yesterday that its first first-quarter operating income dropped 87.1% to KRW19.6 billion ($19.5 million) "owing to the huge pressure from surging fuel costs." "The soaring cost of fuel has become a great challenge for airlines around the world as well as in Korea," President Jonghee Lee said. "[But] the weakening Korean won. . .has boosted Korean exports and inbound cargoes from the US and Europe to China and other Asian countries, and we expect this trend will continue. With ...

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