SEOUL, Nov. 8 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest airline, said Monday it will increase the number of flights to Singapore starting this month as the two countries recently signed a travel bubble agreement. A travel bubble refers to a quarantine-free travel partnership between two or more cities or countries with similar [...]
SEOUL, Oct. 11 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest airline, will resume offering business class services on domestic flights starting next month, industry insiders said Monday, as it tries to improve profitability amid the COVID-19 pandemic. Asiana will begin running business class cabins on select domestic flights Nov. 5, according to company [...]
SEOUL, Aug. 17 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-largest carrier, said Tuesday its second-quarter net profit jumped 22 percent from a year earlier on strong cargo demand amid an extended COVID-19 pandemic. For the three months ended in June, net profit rose to 60.8 billion won (US$52 million) from 50 billion won [...]
SEOUL, May 17 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest airline, said Monday its net losses narrowed in the first quarter from a year earlier as increased cargo sales helped offset a slump in passenger travel. Net losses stood at 230.4 billion won (US$202.9 million) in the January-March period, compared with a loss [...]
SEOUL, March 31 (Korea Bizwire) — Korean Air Co., South Korea’s largest airline, said Wednesday it plans to launch a merged entity with its smaller rival Asiana Airlines Ltd. in 2024 after completing a takeover process next year. Korean Air, which announced plans to acquire the debt-ridden Asiana for 1.8 trillion won (US$1.6 billion) in [...]
SEOUL, March 15 (Korea Bizwire) – Asiana Airlines Inc., South Korea’s second-biggest carrier, said Monday it will extend the expiration dates of its mileage that will expire at the end of this year by one year to 2022 amid the COVID-19 pandemic. Asiana Airlines already extended mileage points due to expire at the end of [...]
SEOUL, Feb. 22 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Monday it has converted two additional passenger jets into cargo planes to offset a sharp decline in air travel demand amid the coronavirus pandemic. Asiana has converted two more A350-900 passenger jets into cargo carriers to meet cargo-transporting demands in Asia, [...]
SEOUL, Feb. 16 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest airline by sales, said Tuesday its net losses narrowed in 2020 from a year earlier on cost cuts and other self-help measures. Net losses narrowed to 404.51 billion won (US$367 million) last year from 817.89 billion won the previous year as the company [...]
SEOUL, Jan. 22 (Korea Bizwire) – Korean Air Lines Co., South Korea’s biggest carrier, said Friday it will raise a higher than previously planned amount by selling stocks for its planned acquisition of smaller rival Asiana Airlines Inc. Korean Air plans to sell 3.3 trillion won (US$3 billion) worth of new stocks, which is higher than [...]
SEOUL, Dec. 2 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Wednesday it will conduct due diligence on Asiana Airlines Inc. until mid-March while drawing up an integration plan for the two airlines. Korean Air plans to raise 2.5 trillion won through rights offering early next year and spend 1.8 trillion [...]