ID :
101788
Fri, 01/22/2010 - 14:50
Auther :
Shortlink :
https://www.oananews.org//node/101788
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Korean Air swings to black in Q4
By Nam Kwang-sik
SEOUL, Jan. 22 (Yonhap) -- Korean Air Lines Co., South Korea's top carrier, said
Friday it returned to profit in the fourth quarter of 2009 from a year ago thanks
to a fall in oil prices and a stronger Korean won.
Net profit came to 122.3 billion won (US$106.2 million) in the October-December
period, a turnaround from a net loss of 644 billion won a year ago, Korean Air
said.
Sales fell 4.9 percent on-year to 2.58 trillion won, while operating profit rose
nearly seven-fold to 154 billion won.
ksnam@yna.co.kr
(END)
SEOUL, Jan. 22 (Yonhap) -- Korean Air Lines Co., South Korea's top carrier, said
Friday it returned to profit in the fourth quarter of 2009 from a year ago thanks
to a fall in oil prices and a stronger Korean won.
Net profit came to 122.3 billion won (US$106.2 million) in the October-December
period, a turnaround from a net loss of 644 billion won a year ago, Korean Air
said.
Sales fell 4.9 percent on-year to 2.58 trillion won, while operating profit rose
nearly seven-fold to 154 billion won.
ksnam@yna.co.kr
(END)
