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 [...]
SEOUL, April 3 (Korea Bizwire) — South Korean airlines pressed the government Friday to take immediate action to help the financially troubled airline industry stay afloat amid the growing coronavirus impact. The Korea Civil Aviation Association (KCA) asked the government to offer massive low-rate loans, payment guarantees for airlines’ corporate bonds and steep tax cuts [...]
SEOUL, March 23 (Korea Bizwire) – South Korean airlines are facing further challenges after the government imposed stricter entry restrictions to fight the spreading coronavirus outbreak. Korean Air Co., South Korea’s biggest airline and national flag carrier, said Monday it will temporarily suspend all flights on the Incheon-Beijing route from Saturday to April 25, leaving [...]
SEOUL, March 19 (Korea Bizwire) — South Korean airlines are halting more flights as countries imposed more entry restrictions in their fight against the spread of the novel coronavirus. Korean Air Lines Co., the country’s biggest airline and national flag carrier, said Thursday it will begin reducing the number of flights to three per week [...]
SEOUL, March 9 (Korea Bizwire) — South Korean airlines are expected to suffer huge losses from the coronavirus outbreak that has sent demand for international air travel into a free fall. The Korea Civil Aviation Association recently estimated that the local aviation industry’s losses from the fast-spreading disease may snowball to slightly over 5 trillion [...]
SEOUL, March 6 (Korea Bizwire) — Japan’s entry restrictions for visitors from South Korea are dealing another blow to airlines and travel agencies already hit by the fast-spreading coronavirus outbreak, the companies said Friday. Local airlines and travel agencies have been struggling with a sharp decline in air travel demand for more than a month [...]
SEOUL, March 4 (Korea Bizwire) — South Korea’s two full-service carriers said Wednesday that they will temporarily suspend or reduce most of their flights to the United States and Europe due to declining air travel demand amid the spreading coronavirus outbreak. The move comes as an increasing number of people opt not to travel amid [...]
SEOUL, Feb. 28 (Korea Bizwire) — Korean Air Lines Co., the country’s biggest airline by sales, said Friday it will reduce flights on U.S. routes next month and use smaller planes due to declining demand amid the spread of the new coronavirus. Korean Air will temporarily reduce the number of flights on the routes from [...]
SEOUL, Feb. 26 (Korea Bizwire) — South Korean airlines are suspending more flights on international routes as people opt not to travel amid growing fears over the fast-spreading coronavirus outbreak, industry officials said Wednesday. With no end in sight to the COVID-19 outbreak, local airlines began to reduce the number of flights — or stop [...]