Korean Air Lines Co., Ltd.
Korean Air Lines Co., Ltd. is a Korea-based company engaged in the passenger airline transportation business. Its principal activities consist of the provision of domestic and international airline services; the production of aircraft components; the provision of aircraft maintenance and engineering services, and the sale of duty-free goods. It is also involved in the provision of in-flight meals for third parties. In addition to passenger transportation services, Korean Air Lines is a cargo carrier that operates freighters worldwide. The Company is also engaged in the operation of hotels and provision of limousine services.
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Australian Market Report of November 9, 2010 includes: Auckland International Airport Limited (NZE:AIA) announces new Asia air-services; Coalworks Limited (ASX:CWK) receives positive Pre Feasibility Study for the Vickery South Coal Mine; Spitfire Resources Limited (ASX:SPI) has discovered a significant new zone of near-surface manganese mineralisation in Western Australia; Centrebet International Limited (ASX:CIL) unveils plans to double market share.
South Korea's biggest airline Korean Air Co. (SEO:003490) Wednesday posted a record first-quarter operating profit as economic recovery helped to increase outbound travel and cargo business. Operating profit for the three months ended March 31 jumped to KRW220.2 billion from KRW6.6 billion a year earlier.
Wall Street rose on Friday led by technology shares after Oracle and BlackBerry maker Research In Motion posted better-than-expected quarterly earnings reports. For the week, the Dow fell 1.3 per cent, the S&P trimmed 0.3 per cent and the Nasdaq rose 1 per cent.
Asian stocks markets broadly dropped on Thursday despite Wall Street posted a solid gain overnight. Tokyo shares opened lower as the stronger yen continued to dampen investors' sentiment. In Hong Kong market, China Minsheng Banking Corp failed to lift the Hang Seng Index in its debut. Shanghai and Seoul shares also declined as their Asian peers.
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