Korean Air reports 1Q2011 net profit of USD263m, orders five A330s
Korean Air reported a 7.2% increase in revenue in 1Q2011, and a 41.2% increase in operating profit to USD152.2 million. Net profit jumped almost 50%, aided by strong foreign currency gains and shareholding gains from affiliates. Korean Air shares fell 0.7% on Tuesday, after gaining 6.6% on Monday.
