Korean Air Q2 operating profit drops 34% (record revenue) as soaring fuel costs and softer outbound demand bite
Korean Air reported a 34% fall in second-quarter operating profit, citing surging fuel costs linked to the US-Iran conflict during the period, despite record quarterly revenue. The carrier also pointed to softer outbound demand contributing to weaker results, with profitability affected enough to push a net-loss outcome in at least one report.