15-Aug-2008 12:07 PM
Korean Air's first quarterly loss since SARS, but cargo makes comeback
Analysis
Korean Air reported its first quarterly operating loss in five years, of USD112 million in the three months ended 30-Jun-08, due to surging oil prices and weaker demand. International passenger growth (RPKs) slowed to just 2.1% in the quarter, while domestic traffic contracted 2.5% year-on-year. The operating and net results were however better than market expectations.
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