Korean Air concluded a challenging FY05 with net earnings of KRW202.3 billion ($205.6 million), a 61.1% plunge from its 2004 profit of KRW519.5 billion. Chairman and CEO Yang-Ho Cho acknowledged last year's difficulties, saying, "High fuel prices throughout the year combined with the pilots strike in December caused a decrease in the airline's net profit. However, our efforts to enhance profitability through cost savings and fuel surcharges brought about an increase in Korean Air's overall ...

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