Asiana Airlines' Q1 net losses widen on weak won
Asiana Airlines, Korea's second-biggest carrier by sales, said Monday its net losses widened in Q1 from a year earlier as a weak won drove up operating costs. Net losses deepened to 54.36b won ($40.6m) in the three months ending in March from 46.55b won during the same period of last year, the company said. "The won's weakness against the dollar pushed up jet fuel, maintenance and airport-related costs, weighing on the quarterly bottom line," the statement said. The dollar rose to an average of 1,275.58 won in Q1 from 1,204.95 won a year earlier, according to data from the Bank of Korea. Operating profit rose 16% to 166.82b won in the March quarter from 143.52b won a year ago. Sales jumped 40% to 1.75t won from 1.25t won during the cited period. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2023-05-16/star/asiana-airlines-q1-net-losses-widen-on-weak-won
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Asiana Airlines' Q1 net losses widen on weak won
Asiana Airlines, Korea's second-biggest carrier by sales, said Monday its net losses widened in Q1 from a year earlier as a weak won drove up operating costs. Net losses deepened to 54.36b won ($40.6m) in the three months ending in March from 46.55b won during the same period of last year, the company said. "The won's weakness against the dollar pushed up jet fuel, maintenance and airport-related costs, weighing on the quarterly bottom line," the statement said. The dollar rose to an average of 1,275.58 won in Q1 from 1,204.95 won a year earlier, according to data from the Bank of Korea. Operating profit rose 16% to 166.82b won in the March quarter from 143.52b won a year ago. Sales jumped 40% to 1.75t won from 1.25t won during the cited period. <br/>
