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Korean Air sees third quarter profits rise

Korean Air posted an improved operating profit of around £17 million in the third quarter of the year.


This represented a 30.5% increase on the same period in 2011 and came despite difficult global conditions.


International passenger and cargo businesses remained the major revenue contributors for the airline, accounting for 61.7% and 22.6% of the total sales respectively.


Total sales for the two divisions amounted to 2.7 trillion KRW for Q3 2012.


International passenger traffic “fared well” in the third quarter with capacity, traffic, load factors, yield and revenue all up on the same period last year with the revenue increase on long haul routes attributed to the deployment of new aircraft.


Korean Air recorded its highest load factor of 85% in August.


The airline plans to continue to expand its business “prudently” while enhancing the quality of its service for the final quarter of the year.

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