November 11, 2012 11:15 AM
SEOUL (REUTERS) - Korean Air Lines has reopened a direct air route to Saudi Arabia for the first time in 15 years, a company statement said on Sunday, reflecting growing economic ties between the two nations.
Korean Air Lines Co posted a net profit in the third quarter.
Korean Air posted a quarterly consolidated net profit of 340 billion won ($308 million), versus a year-ago net loss of KRW536.3 billion.
Its operating profit surged 31% to...
After swinging to a net loss of $59 million in the first quarter, and with high oil prices looking likely to persist into the second quarter, Korean Air Lines said it is rethinking schedules and aircraft deployment.
Korean Air Lines Co projects to post a profit this year.
Korean Air posted a net loss of KRW234.3 billion in 2011, versus a year-ago net profit of KRW376.2 billion on a non-consolidated basis.
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Korean Air Lines Co posted a consolidated net loss for 2011.
For 2011, Korean Air Lines posted a net loss of KRW98.2 billion ($87 million), versus a year-ago net profit of KRW623.9 billion. Its full-year consolidated operating profit dropped...
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