18-Nov-2008 11:15 AM
Korean Air loses USD5.4 million per day in cruel third quarter
Analysis
Korean Air's shares rose 6.4% on 17-Nov-08 despite the carrier unveiling its biggest quarterly loss in a decade in the third quarter (ended 30-Sep-08). The carrier's net loss reached a breathtaking USD495.7 million in the quarter, compared to a profit of KRW129.6 billion in the same period last year, despite a 16.4% year-on-year increase in revenue.
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