15-Aug-2011 6:11 PM
Asiana Airlines operating profit falls sharply in 2Q2011, outlook uncertain
Analysis
Asiana Airlines, South Korea's second largest airline by revenue after Korean Air, reported a sharp reduction in operating profit in the three months ended Jun-2011 (2Q2011) as a result of the combined impact of the 11-Mar-2011 Japan earthquake and tsunami and high oil prices. The carrier however returned to the black at the net level in the quarter.
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