Korean Air Posts Record Operating Profit

By Lee Sung-hoon | October 26, 2016 10:57

Korean Air posted a record operating profit in the third quarter of this year, the airline said on Tuesday.

The airline's operating profit stood at W447.64 billion in the July-September period, up 35 percent on-year and a quarterly record. Its sales also rose five percent to W3.57 trillion.

The significant rise in operating profit is due to decreased operating costs from low global oil prices.

A Korean Air spokesman said that the third quarter earnings already reflect losses from its troubled affiliate Hanjin Shipping and thus additional losses from the shipper's liquidation are not likely.

Most Read


맨 위로