Asiana Airlines reports $109 million net loss in second quarter

Asiana Airlines has recorded a net loss of 149.2bn South Korean won ($109.4 million), widening its losses further from 1.8bn won ($1.3 million) in last year’s second quarter. It follows a net loss of 174.4bn won ($129.6 million) in the previous quarter. The airline said rising fuel costs and temporary labour costs, as well as increased business volume and maintenance/operation costs after rising exchange rates had contributed to its net loss. The won to dollar exchange rate resulted in an 85.6bn ($62.78 million) won loss from currency conversion. Revenues were up 10.6% to 1.74 trillion won ($1.28bn) while operating expenses