Korean Air has posted a net loss for 2013 of KRW385 billion ($362.1 million), a year-over-year drop of KRW641 billion from 2012. Full-year revenue fell 4% year-over-year to KRW11.85 trillion. Operating expenses also fell (-2%) to KRW11.87 trillion, resulting in an operating deficit of KRW18 billion for the year, reversing the company’s operating profit of KRW229 billion reported for 2012. The South Korean flag carrier is reporting a fourth-quarter 2013 net loss of KRW58 billion, a ...

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