SEOUL, Aug. 5 (Korea Bizwire) — Despite the coronavirus pandemic, South Korea’s two full-service airlines are expected to swing to a profit for the second quarter on increased cargo demand, industry sources said Wednesday. But seven low-cost carriers (LCCs) are widely predicted to suffer greater setbacks in the April-June period as the COVID-19 outbreak has [...]
SEOUL, June 24 (Korea Bizwire) — South Korea plans to establish a cooperative to empower the South Korean airline industry, which is facing a major crisis driven by the coronavirus. “We began to prepare to amend the Aviation Business Act to establish airline cooperatives and introduce flight assurance programs,” said a source from the Ministry [...]
SEOUL, June 18 (Korea Bizwire) — Korean Air Lines Co. and Asiana Airlines Inc. — South Korea’s two largest airlines — said Thursday they will extend mileage points, set to expire this year, by one year amid the new coronavirus outbreak. The two carriers made the decision as the COVID-19 pandemic has greatly affected passenger [...]
SEOUL, May 25 (Korea Bizwire) — South Koreans will be required to wear masks on all flights and public transportation from this week as the country seeks to stem further spread of the new coronavirus, the transport ministry said Monday. All passengers using public transportation such as buses, taxis and subways are required to wear [...]
SEOUL, May 19 (Korea Bizwire) — The number of South Korean air travelers fell to the lowest level in more than two decades in April due to entry restrictions and lower demand amid the coronavirus pandemic, industry data showed Tuesday. The number of air passengers on domestic and international routes here plunged to 1.35 million [...]
SEOUL, May 15 (Korea Bizwire) — South Korean airlines, led by Korean Air Lines Co., reported their worst-ever first-quarter earnings on Friday in the face of the new coronavirus outbreak that has led to a sharp fall in demand and lockdowns around the globe, and their second-quarter performance is also dim. Korean Air said its [...]
SEOUL, April 17 (Korea Bizwire) — South Korean airlines are facing a liquidity crisis, as they have suspended most of their flights but still have hefty fixed costs and debt, industry officials said Friday. Korean Air Lines Co., the country’s biggest air carrier, looks set to suffer a cash shortage later this month, as it [...]
SEOUL, April 17 (Korea Bizwire) — South Korean airlines will not apply fuel surcharges on international routes in May to reflect declining oil prices, industry officials said Friday. The surcharges for one-way tickets on international routes fell to zero this month from 19,200 won (US$15) last month. The zero rate will remain in May for [...]
SEOUL, April 16 (Korea Bizwire) — South Korean airlines said Thursday they have joined their global peers in temporarily suspending in-flight beverage service on domestic routes in a move to stem the spread of the new coronavirus. Korean Air Lines Co. and Asiana Airlines Inc., the country’s two full-service carriers, on Thursday stopped serving drinks [...]
SEOUL, April 8 (Korea Bizwire) – South Korean airlines, one of the hardest-hit industries by the outbreak of the new coronavirus, are taking unprecedented measures, such as unpaid leave, job cuts and asset sales, to overcome the COVID-19-triggered crisis, industry sources said Wednesday. Korean Air Lines Co., the country’s biggest airline, said Tuesday it will [...]