Korean Air's sunnier skies
Article Abstract:
Korean Air is optimistic that it will achieve profits in 1998 despite the 210 billion won ($242.8 million) in losses in 1996, attributed to the rise in jet fuel price and the depreciation of Korean won against the dollar. Industry analysts maintain that the airline will improve its earnings as Korea recovers from economic slump, and if no changes on the fuel and won-dollar exchange rate will occur. The firm expects to post 280 billion won in net loss in 1997 and start registering profit by 1998.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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JAL's profit fell 61% in first half, hurt by weaker yen, higher fuel costs
Article Abstract:
Japan Air Lines Co. Ltd.'s pretax profit during the 1st half ended Sep. 30, 1996, dropped by 61% to 5.09 billion yen compared to 12.95 billion yen in 1995. The carrier, which lowered its 1996 earnings forecast, attributed the weak earnings to increased fuel prices and additional costs resulting from the decline of the yen. First half net profit declined by 71% to 2.65 billion yen from 9.3 billion yen while revenue rose 6.9% to 600.08 billion yen from 561.38 billion yen.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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E-commerce plan for Qantas
Article Abstract:
The article is about Quantas Airways' electronic-commerce strategy for the air carrier, which will set strong targets for new revenues and cost savings. Chief Executive James Strong said that the airline's new ventures could generate roughly A$1 billion (US$580 million) for participating partners over the next three years.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2000
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