SEOUL, Jul. 25 (Korea Bizwire) — Customers are increasingly forgoing established airlines such as Korean Air and Asiana Airlines for cheaper options. On July 24, the Ministry of Land, Infrastructure and Transport released figures that show the overall number of travelers opting for low cost carriers (LCC) for international travel steadily increased from January (24.1 [...]
SEOUL, May 19 (Korea Bizwire) – Unionized workers at Korean Air Lines Co. will allow the company to decide on the wage increase for 2017 to better help the national flag carrier make a turnaround this year, the airline said Friday. “We have delegated authority to the company for this year’s wage negotiations not only for the company’s sustainable growth and survival but also for the job security of workers,” union leader Lee Jong-ho said in a [...]
SEOUL, May 11 (Korea Bizwire) – Korean Air Lines Co. swung to the black in the first quarter from a year earlier on currency-related gains, the company said Thursday. The country’s flag carrier shifted to a net profit of 559.2 billion won (US$496 million) in the January-March quarter from a net loss of 174.9 billion [...]
ATLANTA and SEOUL, Mar. 29 (Korea Bizwire) – Delta Air Lines (NYSE: DAL) and Korean Air have reached an agreement to deepen their historic partnership, with an expanded trans-Pacific network that will increase travel choices and boost competition between the U.S. and Asia. The airlines signed a memorandum of understanding to implement a joint venture arrangement, which will offer customers access to the [...]
SEOUL, March 23 (Korea Bizwire) – Korean Air Lines Co., South Korea’s No. 1 airline, said Thursday it will increase flights on international routes and add fuel-efficient planes on the routes to help buoy its bottom line. In the coming months, Korean Air plans to gradually expand flights on routes to major cities in Europe [...]
SEOUL, March 12 (Korea Bizwire) – Korean Air Lines Co., South Korea’s top flag carrier, said Sunday that its new Boeing 787-9 passenger jet has started service on a domestic route. Late last month, the airline introduced the Boeing 787-9 Dreamliner, the latest of its series, with 50 percent of its body made of reinforced [...]
SEOUL, Dec. 27 (Korea Bizwire) – South Korea’s largest flag carrier Korean Air Lines Co. said Tuesday that it has instructed its flight attendants to more actively consider the use of force, including tasers, during cases of in-flight violence. The move follows a widely publicized incident where a 35-year-old South Korean man went on a [...]
SEOUL, Dec. 23 (Korea Bizwire) – Unionized pilots at South Korea’s largest flag carrier Korean Air Lines Co. continued their 10-day strike on Friday aimed at demanding better pay and improved working conditions. Some 190 pilots out of the total 2,300 at Korean Air took part in the second day of the strike scheduled to [...]
SEOUL, Dec. 21 (Korea Bizwire) – More than 130 scheduled flights with South Korea’s largest flag carrier Korean Air Lines Co. will be cancelled due to a walkout by unionized pilots, the transportation ministry said Wednesday. Unionized workers of Korean Air earlier said they will stage a 10-day walkout from Thursday. The scheduled strike follows [...]
SEJONG, Nov. 28 (Korea Bizwire) – South Korea’s antitrust regulator said Sunday it has imposed a collective fine of 1.43 billion won (US$1.2 million) on Korean Air Lines Co. for unfair practices involving two of its affiliates. The Fair Trade Commission (FTC) issued a correction order to the national flag carrier to address unfair deals [...]