SEOUL, Sept. 26 (Korea Bizwire) — South Korea’s full service carriers, including Korean Air Lines Co., are predicted to post strong earnings in the third quarter of the year on the back of a rise in air cargo rates, analysts said Sunday. In a consensus estimate of 10 analysts by Yonhap Infomax, the financial news [...]
SEOUL, Sept. 23 (Korea Bizwire) — With global governments and companies taking full steps to achieve carbon neutral goals, South Korean airlines are also speeding up their eco-friendly drive. Top flag carrier Korean Air Lines Co. plans to introduce next-generation eco-friendly Boeing B787-9 jets. At present, the company operates a total of ten B787-9 aircraft. [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korea’s airlines have drastically reduced their aircraft fleets over the past two years as demand for air travel dried up due to the prolonged COVID-19 pandemic, industry data showed Wednesday. The total number of aircraft operated by the nation’s 10 carriers currently stands at 372, down from 414 [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korean airlines are selling in-flight items for consumers to quench their thirst for travel. Top flag carrier Korean Air Lines Co. released a blanket for first-class seats last month priced at 48,000 won (US$41.50). Airlines normally don’t sell the blankets used by those travelling in first class. Some [...]
SEOUL, July 14 (Korea Bizwire) — South Korean airlines will resume flights to Saipan later this month as scheduled despite a recent surge in COVID-19 cases. The Seoul government recently signed a quarantine-free travel bubble agreement with Saipan to allow group tours of fully vaccinated Koreans to such holiday destinations. The government is in talks [...]
SEOUL, June 18 (Korea Bizwire) — South Korean airlines are revving up their preparations to take off for Guam and other overseas tourist spots with vaccinated people as such destinations begin to welcome inoculated travelers without quarantine. To allow group tours of fully vaccinated Koreans to such holiday destinations, the South Korean government is in [...]
SEOUL, March 16 (Korea Bizwire) – South Korean airlines will impose fuel surcharges on international routes next month after a one-year hiatus due to soaring jet fuel prices, industry sources said Tuesday. Starting April 1, the surcharge for one-way tickets on international routes will range from 3,600 won (US$3.2) to 24,000 won depending on routes, [...]
SEOUL, March 12 (Korea Bizwire) — South Korean airlines struggling with the coronavirus pandemic are joining hands with IT firms, hotels, and duty-free stores in an attempt to boost revenue. Korean Air Lines Co. and Naver Corp. signed an agreement last month to enable ticketing and check-ins via Naver’s online portal. The South Korea’s biggest [...]
SEOUL, March 5 (Korea Bizwire) — Around 10 percent of the aircraft owned by South Korean airlines turned out to have an age of more than 20 years, the transport ministry said Thursday. The nation’s ten airlines owned a total of 390 airplanes as of the end of last year, according to the Ministry of [...]
SEOUL, March 3 (Korea Bizwire) — South Korea on Wednesday unveiled another set of measures to support airlines hit hard by the COVID-19 pandemic in the latest move to help airlines stay afloat during the crisis. The government will continue to reduce the airport usage fee for the airlines until June, the Ministry of Land, [...]