
Korean Air Reports Record Q2 Revenue Despite Profit Dip from Fuel Costs
Korean Air posted record second-quarter revenue driven by robust passenger and cargo demand, although its operating profit slipped due to higher fuel costs, with profit falling 34%.
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Korean Air logs record Q2 revenue despite fuel-driven profit dip
Korean Air posted record second-quarter revenue on robust passenger travel and cargo demand, although operating profit slipped amid higher fuel costs, the national flag carrier said Monday. According to preliminary earnings data, second-quarter revenue rose 26 percent from a year earlier to 5.02 trillion won ($3.4 billion), marking the company's strongest April-to-June performance on record. Operating profit fell 34 percent to 261.8 billion won, pressured by higher jet fuel prices following the
By The Korea Herald
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