Asiana Airlines suffered a KRW227.17 billion ($183.5 million) loss in 2008, reversed from a KRW106.26 billion profit the prior year as the value of the won collapsed against the dollar and the Korean economy faltered, and followed that with an even deeper first-quarter loss. The 2008 loss occurred despite a 16.6% increase in revenue to KRW4.22 trillion. Expenses soared 26.3% to KRW3.7 trillion and Asiana's operating result swung to a KRW52.68 billion loss from a KRW171.61 billion profit in ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.