SEOUL, Feb. 24 (Korea Bizwire) – The latest business focus of two major South Korean airlines – Korean Air Lines and Asiana Airlines - has been on acquiring new aircraft models with better fuel efficiency and lower carbon emissions, a measure seen as crucial to their bottom line and ability to sustain growth in the [...]
SEOUL, Feb. 6 (Korea Bizwire) – South Korea’s major airlines continued to do well in terms of sales last year, but their profitability fell far short of those of other global airlines, market data showed Monday. In a 12-month period starting from September 2015, sales of South Korea’s largest full service carrier (FSC), Korean Air [...]
SEOUL, Oct. 20 (Korea Bizwire) – Korean Air Lines Co. and Asiana Airlines Inc., the country’s two major air carriers, are being shunned by institutional investors in the local debt market as they fret over their high indebtedness, although their third-quarter earnings are forecast to be better than expected, industry sources said Thursday. According to [...]
SEOUL, Oct. 4 (Korea Bizwire) – South Korea’s air passenger traffic surged to a record monthly high in August with international passengers to and from the country also reaching a new all-time high, the government said Tuesday. Overall air passenger traffic came to 9.86 million in August, up 20.1 percent from the same month last [...]
SEOUL, Aug. 31 (Korea Bizwire) – South Korean airlines reduced their greenhouse gas emissions by over 280,000 tons in the first half of the year, cutting their use of fuel in the process, which reduced the travel cost for passengers, the government said Wednesday. Under a voluntary agreement, seven South Korean flag carriers, including industry [...]
SEOUL, Aug. 5 (Korea Bizwire) – Asiana Airlines Inc., a major South Korean flag carrier, is expected to see its earnings improve down the road thanks to an overhaul of unprofitable routes and sales of noncore assets, analysts said Friday. In a note to clients, Daishin Securities Co. said the airline has started turning around [...]
SEJONG, Oct. 16 (Korea Bizwire) — South Korea and India agreed to increase the number of weekly flights and destinations that can be served by their respective flag carriers, the government said Friday. The agreement, reached after two days of negotiations in New Delhi on Thursday, calls for raising the number of flights allocated to [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korea’s largest annual short film festival will open in Seoul next month with 59 titles from 31 countries up for competition, organizers said Tuesday. The 13th edition of the Asiana International Short Film Festival is scheduled to take place at Cine Cube and Art Nine, both art theaters [...]
SEOUL, Oct. 12 (Korea Bizwire) — Park Gyeong-cheol, a 35-year-old pilot for Asiana Airlines Inc., thought he had found his lifetime job when he first entered the company years ago. Following grueling training and tests, he was proud and made a promise to himself to stay with the country’s second-largest flag carrier till the end [...]
SEOUL, Sept. 17 (Korea Bizwire) – It has been revealed that among the 12 cabin crew members who were on board the Asiana Airlines flight that crash-landed at the San Francisco Airport, eight have filed lawsuits for compensation against the airline and the plane’s manufacturer, Boeing. In July 2013, a Boeing 777 jet operated by the South [...]