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S. Korean Airline Industry At Risk of Being Trapped in ‘Three Highs’

S. Korean Airline Industry At Risk of Being Trapped in ‘Three Highs’

SEOUL, June 27 (Korea Bizwire) — Once firmly on the path to recovery from the disruption brought on by the coronavirus pandemic, the South Korean airline industry is now facing a crisis of being trapped in ‘three highs,’ a term describing high inflation, high exchange rates and high interest rates. The price of aircraft fuel [...]

Asiana to Expand Flights to Europe amid Eased Virus Curbs

Asiana to Expand Flights to Europe amid Eased Virus Curbs

SEOUL, May 9 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Monday it will expand flights on its European routes later this month as eased virus restrictions unleash pent-up demand. Asiana Airlines will increase flights on the routes from Incheon to Frankfurt and London beginning May 28 and May 30, respectively, the [...]

Asiana Net Losses Deepen in 2021 on FX Losses

Asiana Net Losses Deepen in 2021 on FX Losses

SEOUL, Feb. 15 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Tuesday its net losses deepened in 2021 from a year earlier due to increased foreign exchange losses and the continued impact from the pandemic. Net losses widened to 618.15 billion won (US$516 million) last year from 502.97 billion won a year [...]

Korean Air, Asiana Push to Reduce Outstanding Mileage Before Merger

Korean Air, Asiana Push to Reduce Outstanding Mileage Before Merger

SEOUL, Jan. 17 (Korea Bizwire) — Amid a decline in the number of passengers on international routes due to the aftereffects of the COVID-19 pandemic, South Korea’s two full-service carriers, Korean Air Lines Co. and Asiana Airlines Inc., which are scheduled to be merged, are expanding the scope of mileage redemption policies as part of [...]

Asiana Postpones Plans to Resume Guam Route amid Omicron Variant Concerns

Asiana Postpones Plans to Resume Guam Route amid Omicron Variant Concerns

SEOUL, Dec. 8 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Wednesday it has scrapped plans to resume flights to Guam in December, in response to the spread of a new coronavirus variant and subsequent travel restrictions. Asiana had been scheduled to reopen the Incheon-Guam route on Dec. 23, as rising vaccination [...]