(MENAFN) Korean Air reported a net loss of USD361.3 million in the third quarter, attributing it to a weak currency that increased the value of its dollar-denominated debts, AFP reported.
The net loss for South Korea's top air carrier in the July-September period compared to a net profit of USD301.49 million a year earlier, the company said in a statement.
However, operating profit surged 50.3 percent to USD216.36 million due to falling fuel prices, the company said, adding that sales edged down 0.6 percent to USD2.84 billion.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.