Industry
Korean Air, local airlines surge on falling oil prices, firm demand
June 23, 2017
Stocks of South Korean airlines, led by Korean Air Lines Co., are set to further rise down the road following their recent surge on the back of falling oil prices, solid demand and a strong won, analysts said Friday.Korean Air Lines, which has gained some 50 percent so far this year, traded at 38,950 won (US$34) on the Seoul bourse as of 10:20 a.m., extending its gain to a third day. No. 2 flag carrier Asiana Airlines, which saw its stock price almost double this year, hit a yearly high of 6,330