04-Feb-2009 11:41 AM
Korean Air slumps to fifth consecutive quarterly loss
Analysis
Korean Air wrapped up a shocking second half of 2008 with a USD474.4 million net loss in the fourth quarter (to 31-Dec-08) almost three times worse than median analyst projections. As ever, the company remained optimistic about the outlook, projecting a healthy operating profit in 2009 and signing up for two more A380s, for a total of ten.
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