Korean Air recorded nearly a 20 percent drop in operating profit in the first quarter of the year, due to increased costs related to new aircraft and a weakening Korean won.
According to preliminary figures released by the national flag carrier on Sunday, revenue for the January–March period reached 3.95 trillion won ($2.77 billion) on a nonconsolidated basis, up 3 percent from the previous year.
Despite the record revenue, Korean Air’s operating profit dropped…
