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Air Cargo News.

New York (AirGuideBusiness - Air Cargo News) May 10, 2009

Korean Air

Korean Air Lines said Thursday its first quarter loss widened as weakness in the South Korean won drove up costs denominated in dollars. Korean Air lost 526.3 billion won (USD 413 million) in the three months ended March 31, the company said in a statement. Korean Air posted a net loss of 325.5 billion won a year earlier. The result marked the sixth straight quarterly loss for South Korea's largest airline. Among passenger airlines, Korean Air is also the world's biggest carrier of international commercial cargo. May 7, 2009

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Publication:AirGuide Business
Date:May 11, 2009
Words:153
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