Jin Air expects to report operating loss of USD6.0 million in first seven months of operations
Jin Air, a low cost subsidiary of Korean Air, forecasts a net loss of USD6.0 million for its first seven months of operations, on revenue of USD16.9 million. Jin Air previously stated it expected to achieve revenue of USD20 million and an operating loss of USD6.4 million during 2008, with a target for break even by 2010, on revenue of USD157 million.
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