Asiana cuts Q1 net losses on robust cargo demand

Asiana Airlines Inc.'s net losses narrowed to 230.4 billion won in the first quarter from 549 billion won a year earlier as increased cargo sales helped offset a slump in passenger travel.

The operating loss of South Korea's second-biggest airline narrowed to 11.2 billion won in the first three months of the year from 208.2 billion won in the same period last year.

Sales increased 30.6 percent on-year to 783.4 billion won.

Asiana suspended most of its international flights since March last year due to coronavirus-triggered cross-border travel restrictions.

The airline has since converted four passenger jets into cargo planes to service rising cargo demand for electronics, IT, protective equipment, and other items.