Korean Air reported first-quarter net income of KRW130.8 billion ($139.2 million), up 2.7% compared to KRW127 billion in the year-ago quarter, on a 10.7% lift in revenue to KRW2.03 trillion. With expenses rising just 7.8%, operating income increased 66.1% to KRW151.4 billion from KRW91.1 billion for the same period last year. "The strong growth in operating income. . .was a result of calculated expansion, yield improvement, stringent cost control and effective risk management," President and ...

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