Company Watch - Korean Air.Dec 31, 2006 Korean Air  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . also said it was aiming to post KRW KRW In currencies, this is the abbreviation for the Korean Won. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 240 billion (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $259 million) in pre-tax profit in 2007, up 33.3 percent from this year's expected KRW180 billion (USD$194.2 million), before foreign exchange conversions. Dec 28, 2006 Korean Air Sees 2007 Profit Increase. Korean Air said on Thursday it expects operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. next year to rise 14.3 percent, helped by route expansions in emerging markets, including China, and cheaper fuel. Korean Air said on Thursday it expects operating profit next year to rise 14.3 percent, helped by route expansions in emerging markets, including China, and cheaper fuel. Like other global airlines, Korean Air should gain from increased global traffic demand and weaker oil prices. A stronger won also helps the firm to cut fuel import costs and to service foreign exchange debt. In September, Korean Air said it would set up a joint venture cargo airline This article is about the general type of air carrier. For the Israeli cargo airline, see CAL Cargo Air Lines. Cargo airlines (or airfreight carriers, and derivatives of these names) are airlines dedicated to the transport of cargo. with China's Sinotrans Air Transportation to service China's booming air cargo air cargo: see aviation. market. Dec 28, 2006 Korean Air, the world's top air cargo carrier, said in a filing to the Korea Exchange that the company is aiming to post KRW640 billion won (USD$690.5 million) in operating profit next year with sales up 3.6 percent to KRW8.6 trillion (USD$9.28 billion). This year, the airline says it expects to report KRW560 billion (USD$604.2 million) in operating profit and KRW8.3 trillion (USD$8.96 billion) in sales. In the third quarter, Korean Air posted an 18 percent fall in net profit on higher jet fuel costs. Dec 28, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Dec 18, 2006 |
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