Korean Air swings into black in Q4 on cargo demand

Korean Air, the country’s leading airline, announced Friday it swung into the black for the fourth quarter last year thanks to robust cargo demand.

Net profit for the October-December period came to 283.3 billion won ($196 million) on a nonconsolidated basis, compared with a net loss of 234.6 billion won a year prior, the company said in a statement.

Operating profit soared 159 percent on-year…