Korean Air President and COO Jong Hee Lee projected the carrier's full-year 2006 net income will remain flat at about $200 million on $8 billion in revenues. Briefing reporters this week in Seoul, he said he was "disappointed" with the projected results and added that rising fuel prices are slowing growth. "Fuel has a terrible, big impact," he said, noting that the carrier will pay $500 million more in fuel expense in 2006 than it did last year. He pointed out that in an effort to save fuel, ...
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