Korean Air credited rising passenger and cargo demand and a strong won for an impressive first quarter during which it more than doubled its net profit to KRW127 billion ($134 million) from the KRW59 billion earned in the quarter ended March 31, 2005. "The operating environment in the first quarter of 2006 was not without challenges," President Jong-Hee Lee said. "Fuel costs remained at a high level, yet we were able to offset these and keep the increase in operating expenses at a reasonable ...
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