Higher fuel costs and deeper foreign exchange losses offset rising revenue for Korean Air, sending the carrier deeper into the red for the second quarter. The South Korea flag carrier reported a consolidated net loss of KRW305 billion ($268.8 million) in the quarter, compared to a loss of KRW200 billion in the same period in 2017. However, the carrier achieved an operating profit of KRW67 billion in the second quarter, down from a KRW173 billion operating profit a year earlier. The ...

Subscribe to Access this Entire Article

"Korean Air widens 2Q net loss on higher costs, foreign exchange losses" 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? ATWPlus@penton.com.

Already registered? here.