20 Mar 2009

Asiana's Saipan-Korea flights post $10M loss in FY'08

11:29 am on 20 March 2009

Asiana Airlines has posted a loss of 10 million US dollars on its CNMI Saipan-Korea flights in Fiscal Year 2008, which is a staggering 100-percent jump over the carrier's previous loss the year before of some 5 million dollars.

Saipan general manager, Kwang Joong Kim, admitted that Asiana Airlines is "bleeding deeply" because of the impact of the global economic crisis and the struggling won.

Kwang Kim told the Saipan Tribune some years before that that "millions" of losses were already recorded.

He says we're not making a profit in the CNMI and have already lost millions of dollars and sacrificed a lot however, we have the commitment to fulfill and we're intending to continue it.

Beginning March 29, Asiana will suspend its four daytime flights between Seoul and Saipan until June 30.