Korean Air reported a 4Q 2015 net profit of 92 billion won ($76 million), reversed from a net loss of 272 billion won in the year-ago period, although the improved result was heavily skewed by gains related to exchange rate movements. Operating profit declined 2% year-on-year to 150 billion won. Operating costs for the quarter were down 1.5%, despite a 28.2% drop in fuel spending. The largest cost increase was in the maintenance category, due to engine work for Boeing 777-300ER being ...

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