Asiana Airlines Lost 179 Billion Won in Operations in the 3rd quarter... Deficit Continues
4 Articles
4 Articles
Although Asiana Airlines boosted revenue in the third quarter of this year by expanding high-profit routes, it recorded an operating loss of approximately 170 billion won due to rising fuel costs and expenses related to integration preparations. The company has posted losses for five consecutive quarters since turning to a deficit in the third quarter of last year. According to the Financial Supervisory Service's electronic disclosure system on …
(Seoul=Yonhap News) Reporter Hong Kyu-bin = Asiana Airlines' operating losses in the 3rd quarter of this year were 179 billion won on a separate basis, 3.3 billion won compared to the same period last year...
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[Digital Daily Reporter Yoon Seo-yeon] Asiana Airlines increased revenue in the third quarter of this year, driven by growth in its passenger business, but failed to escape from an operating deficit. While high oil prices, expanded safety investments, and costs for preparing for the merger with Korean Air weighed on profitability, the company turned a net profit into a surplus thanks to foreign exchange translation gains resulting from the decli…
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