SEOUL, May 18 (Korea Bizwire) — A Seoul court on Wednesday rejected an appeal filed by Asiana Airlines Inc. against the government’s temporary suspension order for its San Francisco route. “We found that the pilots of Asiana Flight 214 misjudged the conditions as the plane descended to land (in San Francisco in July 2013) and [...]
SEOUL, May 10 (Korea Bizwire) – Asiana Airlines Inc. said Wednesday its net profit more than doubled in the first quarter from a year earlier on currency gains. Net profit for the three months ended March 31 jumped to 96 billion won (US$85 million) from 44 billion won a year earlier, the company said in [...]
SEOUL, April 26 (Korea Bizwire) – Asiana Airlines Inc. on Wednesday received its first A350-900 aircraft that will allow it to strengthen its customer service on international routes starting next month. Asiana, South Korea’s second-biggest flag carrier by sales, will put the wide-body jet that can seat 311 people initially on the Incheon-Manila route from [...]
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 [...]