Korean Air sinks to 2Q loss despite 11% revenue rise
Aaron KarpJuly 20, 2012
Korean Air A380. Courtesy, Airbus Korean Air (KE) incurred a KRW159 billion ($140 million) net loss in the second quarter, reversed from a KRW21 billion net profit in the year-ago period. Steep foreign exchanges losses and interest expenses helped push KE into the red for the three months ended June...
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