Korean Air Profits Hurt by High Fuel, Weakened Currency
Korean Air blamed a 97% drop in 2007 net income — to US$11.6 billion — on weakness in its currency and skyrocketing fuel prices. The carrier’s operating revenue in the fourth quarter was up 8.9% to US$2.4 billion, while it ended the year at US$9.3 billion, up 9.1%, driven by growth in international...
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