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…
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 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’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…
Korean Air is ready to start operations with the Boeing MAX 8 from March 1, it has reported on February 14. The airline has taken delivery of the first aircraft on February 13. Korean Air prepares for MAX entry into…
Despite continued travel restrictions within the Asia Pacific region, Korean Air has returned to profit in 2021. The carrier benefitted in particular from strong cargo revenues, which increased by almost sixty percent year-on-year, it reported in January 27. Operating profits were…