T'way Air Reports Operating Loss of 48.5 Billion KRW in Q2... Deficit Widens
[Asia Economy Reporter Dongwoo Lee] T'way Air announced on the 14th that its operating loss for the second quarter of this year, based on separate financial statements, widened to 48.5 billion KRW compared to -26.5 billion KRW in the same period last year.
Second quarter sales amounted to 24.7 billion KRW, a decrease of 86.4% compared to 182 billion KRW in the same period last year.
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Operating loss for the first half of this year reached 70.4 billion KRW, turning to a deficit. Sales decreased by 58.9% to 173.9 billion KRW. Net loss for the period was 85.1 billion KRW.
This content was produced with the assistance of AI translation services.
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