Korean Air Posts Q3 Net Profit

Korean Air Lines Co posted a net profit in the third quarter. Korean Air posted a quarterly consolidated net profit of 340 billion won ($308 million), versus a year-ago net loss of KRW536.3 billion. Its operating profit surged 31% to KRW313.2 billion from KRW240 billion, while sales rose 2.6% to KRW3.400 trillion from KRW3.313 trillion. Korean Air's operating profit came in at KRW459.79 billion for the full year of 2011.