Air Transport World

Korean Air.(Asia/Pacific)(Brief Article)

The carrier blamed foreign exchange rates for its net loss for 2003 as its performance from an operating perspective was profitable despite SARS, bolstered by strong cargo traffic that made up for a decline in international passenger traffic. Chairman and CEO Y.H. Cho was bullish on the result, saying, "although we were in the red during 2003, we are not discouraged ... because we believe we have the tight ingredients for a better 2004. …

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