Shares of Korean airlines drop on rising oil prices, weaker currency

Jin Air Co

02/07/2018 05:43

** Airline shares drop on concerns over rising oil prices  
    ** Shares of Korean Air Lines Co Ltd  003490.KS  and its
budget affiliate, Jin Air Co Ltd  272450.KS , fall as much as
4.78 pct and 5.93 pct, respectively
    ** Rising oil prices and weakening Korean won against U.S.
dollar weigh on airline shares. Weaker currency rates may drive
down the number of people travelling abroad, which negatively
affect airlines, says Ryu Jae-hyun, an analyst at Mirae Asset
Daewoo Securities 

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