Asiana Airlines Sees Widened Net Loss in Q2 Due to Fuel Costs and Currency
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Asiana Airlines reports a Q2 net loss of 328.6 billion won ($231 million), up from 233.2 billion won a year ago, due to higher fuel costs and a weaker Korean currency, amidst approval for its merger with Korean Air.
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Asiana Airlines has been undergoing acquisition by Korean Air since 2017.
SEOUL, Aug. 13 (Yonhap) -- 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 (US$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 in the second quarter. Sales fell 7.7 percent on-year to 1.54 trillion won.
This week, shareholders of Asiana Airlines approved the airline's merger with larger rival Korean Air Co., wrapping up nearly six years of the latter's acquisition process.
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Merger completion may stabilize Asiana's finances
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Offene Fragen
- Impact of merger on employment
