Korean Air swings to black in Q4 on cargo demand

Korean Air, Korea’s leading airline, said Friday it has swung to the black in the fourth quarter from a year earlier 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 ago, the company said in a statement.

Operating profit soared 159 percent on-year to 476.5 billion won in the…