The European Commission is having objections to the proposed acquisition of Asiana Airlines by Korean Air. Although it hasn’t made a final decision, the EC says in a Statement of Objections that the merger of the two airlines will reduce competition in the passenger...
The reopening of Japan and China helped Korean Air to boost revenues in Q1, but this was offset by higher operating expenses and fuel costs. The airline particularly lost out on cargo revenues, which reflects the global downturn of the economy and lower demand. Korean...
Korean Air doubled its net profit in 2022 thanks to the recovery of passenger traffic in Southeast Asia, Oceania, and Japan. However, cargo generated lower revenues due to the slowdown of the global economy, the airline reported on February 1. Korean Air grows net...
Korean Air enters 2023 with the approval of its takeover of Asiana Airlines by the Chinese ministry of commerce. This is an important step in completing the acquisition plan, although approval from some key countries is still pending. China approves Korean Air/Asiana...
Korean Air’s revenues got a huge boost in Q3 from the removal of pre-arrival mandatory Covid testing in South Korea and the relaxation of other travel restrictions. Revenues grew by almost 65 percent to KRW 3.7 trillion, up from KRW 2.2 trillion in the same...
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