SEOUL -- Korean Air Lines avoided any mention of tax dodging and other allegations engulfing its founding family as the carrier reported a drop in first-quarter profit on Tuesday, a day later than planned.
Consolidated sales climbed 8% on the year to 3.1 trillion won ($2.88 billion) for the three months through March, thanks to improving demand for air travel. But operating profit slumped 13% to 166.3 billion won amid rising labor costs and a weaker South Korean currency.
