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Investing.com -- Korean Air reported a 4% decline in cargo revenue for the second quarter of its financial year on Friday, citing market volatility caused by U.S. tariff policies.
Despite the cargo revenue decline, Korean Air’s quarterly revenue remained stable at 4 trillion won ($2.9 billion) compared to the same period last year.
However, operating profit fell 3.5%, even with lower fuel prices, due to increasing expenses including personnel and depreciation costs.
"The airline navigated market volatility caused by U.S. tariff policies by diversifying its product offerings and focusing on high-yield cargo," Korean Air stated.
The carrier highlighted semiconductors, batteries, solar cells, and seasonal perishables among these higher-yield items.
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