Korean Air's profit plunges due to higher oil prices
AFP, May, 2005
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SEOUL (AFP) — Korean Air reported net profits plunging 70 percent year-on-year during the first quarter to March, with the South Korean airliner saying the fall was largely due to higher oil prices.
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Net profit for the three months stood at 52.6 billion won (52.8 million dollars), 69.7 percent down from 173.4 billion won a year ago, they said in a statement reported to the Korea Exchange on Wednesday. ...
