Korean Air lost $413 million in the first quarter, which it attributed in part to a weakened currency and declines in both passenger and cargo demand. Operating expenses increased 0.6% because of a weaker Korean won, the airline said. The weaker currency did have a bright side of sorts, giving a boost to overseas bookings that led to an 8.1% growth in international passenger sales. That helped its operating revenue remain essentially flat in spite of the global economic problems. ...


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