Korean Air Reports Record Q1 Earnings, Prepares for Higher Oil Prices

Korean Air posts record Q1 earnings, braces for oil headwinds

Korean Air said Monday it posted record quarterly revenue of 4.52 trillion won ($3.04 billion) for the first quarter, up 14 percent from a year earlier. Operating profit rose 47 percent on-year to 516.9 billion won, while net profit increased 26 percent to 242.7 billion won. Passenger revenue climbed 7.3 percent to 2.61 trillion won, supported by solid demand during the Lunar New Year holiday in February and stronger sales on European and key transit routes. Cargo revenue also rose 3.5 percent t

By The Korea Herald