Korean Air reported a second-quarter net loss of KRW251 billion ($216 million), deepened from a net loss of KRW169 billion in the year-ago quarter, despite an improvement in operating profit. The South Korean flag carrier’s operating profit of KRW159 billion was a considerable turnaround from an operating loss of KRW3 billion in the 2015 2Q. This was based on a solid improvement in revenue, and a much larger drop in operating expenses thanks mainly to a 29% decline in fuel ...

Subscribe to Access this Entire Article

"Korean Air widens net losses in 2Q" 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.