Korean Air posted a first-quarter net loss of KRW526 billion ($413 million), widened 61% from a net loss of KRW326 billion in the year-ago period, marking its sixth consecutive quarter in the red. Chairman and CEO Yang Ho Cho said the "deepening global economic crisis [in addition to] the weakening Korean won [and] sliding travel and cargo demand" had a "direct impact" on KE's bottom line. Revenue was flat at KWR2.26 trillion while expenses rose 0.6%, leading to a 66% drop in operating ...

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