Asiana Posts 1st Profit In 3 Quarters

NewsOK.com RSS - life, Daily Oklahoman: Living
Thu, 11/07/2013 - 9:55pm

SEOUL, South Korea (AP) — Asiana Airlines Inc. reported its first profitable quarter this year as travel peaked during the fall holidays. South Korea's second-largest air carrier said Friday that its July-September quarter earnings amounted to 82.8 billion won ($77.8 million), up 3.3 percent over a year earlier. But third-quarter operating income plunged 42 percent to 63.4 billion won while sales dropped 3 percent to 1.52 trillion won. Asiana said the weak yen continued to dampen travel demand from Japan, while overseas trips by other passengers increased as demand typically rises during the third quarter. Analysts said despite an overall increase in passengers during the fall peak season and long holidays in South Korea, Asiana likely saw a drop in air fares and freight charges due to heightened competition from budget airlines. Asiana Airlines makes more than half of its revenues from overseas passenger flights.

NEXT
Sections:  living   
BING NEWS:
  • Money blog: How AI decides online prices – and the risks of it colluding to raise them
    If multiple sellers delegate their pricing to the same algorithm, there is scope for coordination, with the profit-driven programme learning ... And these other Money posts are also well worth ...
    09/18/2024 - 7:45 pm | View Link
  • Sean 'Diddy' Combs arrest and abuse allegations: A timeline of key events
    Monday's arrest of Sean Diddy Combs comes after months of allegations of sexual misconduct and other abuse. Here is a look at the key events since late last year.
    09/17/2024 - 1:30 am | View Link
  • First Solar may grab lion’s share of profit
    First Solar is poised to reap the benefits of the IRA and trade barriers aimed at Chinese rivals. Though it holds under 3% share of the global market, 2024 Ebitda may exceed $2 billion -- outstripping ...
    09/16/2024 - 10:47 am | View Link
  • Law enforcement reveals more details on apparent Trump assassination attempt
    The FBI is investigating an apparent assassination attempt on Donald Trump, as he and Kamala Harris continue their pitch to voters with less than eight weeks until Election Day. Follow here for the la ...
    09/15/2024 - 11:54 pm | View Link
  • South African lender FirstRand posts 4% rise in full-year profit
    South African lender FirstRand Ltd posted a 4% rise in annual profit on Thursday despite absorbing a 3 billion rand ($167 million) pre-tax provision related to the UK's investigation into the vehicle ...
    09/11/2024 - 7:44 pm | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Living News