South Korean airlines suffer operating losses in Q1 2020 due to COVID-19 pandemic
- 4 years ago
대한항공, 코로나19 직격탄...1분기 영업손실 566억원 "적자 전환"
South Korea's airlines industry is reporting a massive loss for the first quarter... with international travel at a standstill.
The nations's biggest carrier, Korean Air,... saw an operating loss of almost 46 million U.S. dollars.
Its sales came to some 1-point-9-1 billion dollars,... down almost 23 percent compared to the same period last year.
The nation's second-biggest carrier,... Asiana Airlines saw its operating loss widen to some 169 million dollars and its sales were down over 21 percent on-year.
T'way Air saw an operating loss of around 18 million dollars,... and Jin Air saw an operating loss of 25 million dollars.
The full impact of the pandemic only began in March, so analysts expect more losses in the second quarter.
South Korea's airlines industry is reporting a massive loss for the first quarter... with international travel at a standstill.
The nations's biggest carrier, Korean Air,... saw an operating loss of almost 46 million U.S. dollars.
Its sales came to some 1-point-9-1 billion dollars,... down almost 23 percent compared to the same period last year.
The nation's second-biggest carrier,... Asiana Airlines saw its operating loss widen to some 169 million dollars and its sales were down over 21 percent on-year.
T'way Air saw an operating loss of around 18 million dollars,... and Jin Air saw an operating loss of 25 million dollars.
The full impact of the pandemic only began in March, so analysts expect more losses in the second quarter.