SEOUL, Nov. 14 (Korea Bizwire) — Korean Air Co., South Korea’s biggest carrier, said Monday its third-quarter net profit more than tripled from a year earlier on recovering travel demand amid eased virus curbs. On a consolidated basis, net profit for the three months ended in September jumped to 374.26 billion won (US$285 million) from [...]
SEOUL, Nov. 11 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Friday it will expand the number of flights on routes to Asian countries from later this month as travel demand recovers amid eased COVID-19 curbs. Korean Air will gradually resume routes from Incheon to Shanghai, Nanjing, Qingdao, Sapporo, Okinawa and [...]
SEOUL, Nov. 3 (Korea Bizwire) — Korean Air Lines Co., South Korea’s national flag carrier, said Thursday its third-quarter net profit more than tripled on recovering travel demand following eased antivirus curbs. Net income for the three months that ended in September amounted to 431.4 billion won (US$302.6 million), up from 134 billion won tallied [...]
SEOUL, Oct. 24 (Korea Bizwire) — Korean Air Co. said Monday its flight KE631 with 173 people on board overran the runway while landing at Cebu International Airport in the Philippines a day earlier but no injuries were reported. Korean Air expressed its “genuine” regret as it always prioritizes safety in all of its operations. [...]
SEOUL, Oct. 6 (Korea Bizwire) — Korean Air Lines Co. said Thursday it has signed a memorandum of agreement with Airbus Helicopters to develop unmanned reconnaissance helicopters for the South Korean military. Under the technology partnership, Korean Air will develop an unmanned carrier-based helicopter and an unmanned helicopter for surveillance and reconnaissance purposes over South [...]
SEOUL, Sept. 30 (Korea Bizwire) – Korean Air Lines Co. said Friday it has signed a five-year deal with Royal Dutch Shell plc. to purchase sustainable aviation fuel (SAF) from the British firm beginning in 2026 to help combat climate change. SAF is non-conventional aviation fuel derived from alternative raw materials, such as cooking oil [...]
SEOUL, Aug. 17 (Korea Bizwire) — Korean Air Lines Co. said Tuesday it has been chosen as a preferred bidder for spearheading the development of low-observable, formation-flying unmanned combat aerial vehicles (UCAVs) by the state-run military research agency. The Agency for Defense Development (ADD) recently finished the basic design for the formation-flying, unmanned aircraft after [...]
SEOUL, Aug. 4 (Korea Bizwire) — Korean Air Lines Co. said Thursday its second-quarter net profit more than tripled from a year earlier on robust cargo deals and recovering travel demand. Net profit for the three months ended in June jumped to 450.41 billion won (US$344 million) from 129.96 billion won during the same period [...]
SEOUL, July 29 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Friday it will resume flights to Rome and Barcelona next month as travel demand grows amid eased virus curbs. It will operate three flights a week on the Incheon-Rome route starting Sept. 1 and three weekly flights on the Incheon-Barcelona [...]
SEOUL, July 18 (Korea Bizwire) — Korean Air Lines Co. is scheduled to freeze fuel surcharges on international routes in August despite high jet fuel prices, industry sources said Monday. Starting Aug. 1, South Korea’s leading air carrier will apply a 42,900 won (US$32.6) to 339,300 won surcharge on one-way tickets for international routes, depending [...]