Korean Air announces first-half loss

15-Aug-2003

The poor performance of Korean Air?s duty-free operations has been listed among factors contributing to the carrier?s 12% drop ion revenue over the second quarter of 2003.

The poor performance of Korean Air's duty-free operations has been listed among factors contributing to the carrier's 12% drop ion revenue over the second quarter of 2003. The company is expected to announce a net loss of W80.3bn ($68.1m) for the quarter, compared to a profit of W166.3bn ($141m) a year earlier.
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