Jowon Tae "Solid Q1 Performance... Background of Minimizing Deficit, Employee Sacrifice and Dedication"

"I will do my best... I will strive to ensure that sacrifice and dedication are not in vain"

[Asia Economy Reporter Yoo Je-hoon] Cho Won-tae, Chairman of Hanjin Group, said on the 18th regarding Korean Air's first-quarter performance, "The reason we were able to minimize the deficit even in the unprecedented worst environment is undoubtedly our employees," adding, "I see the dedication and sacrifice of our employees engraved throughout the company."

Through a statement sent via email to Korean Air employees on the same day, Chairman Cho stated, "Despite many difficulties caused by the spread of the novel coronavirus infection (COVID-19), we recorded sales of 2.3523 trillion KRW and an operating loss of 56.6 billion KRW. This is an achievement better than the market had feared."

Regarding this, Chairman Cho reiterated, "This was possible because there were employees who fully understood the company's difficult situation and willingly participated in overcoming the crisis through concessions and sacrifices in their own ways."

He continued, "We will do our best to quickly restore the positions marked by your dedication and sacrifice, the daily lives that employees deserve," emphasizing, "The company will make every effort to ensure that the precious dedication and sacrifice of our employees are never in vain."

Chairman Cho also stated, "We will overcome this crisis and promote the normalization of Korean Air by protecting all workplaces, which are the foundation of our employees' lives and filled with their sweat and passion, together with you."

This content was produced with the assistance of AI translation services.