Asiana Airlines' net loss widens in Q2 on rising fuel costs
Asiana Airlines Inc. said Thursday its net loss widened in the second quarter from a year earlier, hit by rising fuel costs and a weaker Korean currency. The second-quarter net loss stood at 328.6 billion won ($231 million), compared with a loss of 233.2 billion won for the same quarter last year, the company said in a statement. Asiana Airlines also posted an operating loss of 295.1 billion won…
Asiana Airlines reported a net loss of 328.6 billion won ($231 million) in the second quarter, a wider loss compared to 233.2 billion won in the same quarter last year. The airline cited rising fuel costs and a weaker Korean currency as reasons for the loss.
The company's operating loss was 295.1 billion won in the second quarter, and sales fell 7.7 percent year-on-year to 1.54 trillion won.
Shareholders of Asiana Airlines recently approved the airline's merger with larger rival Korean Air Co., concluding nearly six years of acquisition process.
Brief written by urgent.news from The Korea Times, The Korea Times — 2 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
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- Asiana Airlines' net loss widens in Q2 on rising fuel costs koreatimes.co.kr
