Korean Air Archives | Be Korea-savvy
Korean Air, Asiana Swing to Black in Q2 on Cargo Demand

Korean Air, Asiana Swing to Black in Q2 on Cargo Demand

SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s two full-service carriers delivered earnings surprises, bucking market forecasts of an extended slump amid the pandemic as they focused on carrying more cargo to offset lower passenger demand amid the new coronavirus outbreak. In the April-June quarter, Korean Air Lines Co. and Asiana Airlines Inc. turned around [...]

Korean Air Seeks to Convert Passenger Jets into Cargo Planes amid Rising Demand

Korean Air Seeks to Convert Passenger Jets into Cargo Planes amid Rising Demand

SEOUL, July 20 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Monday it is seeking to convert some of its passenger jets into cargo planes to keep the business afloat amid the new coronavirus outbreak. Korean Air will consult with the Ministry of Land, Infrastructure and Transport to remove seats on [...]

Korean Air to Sell In-flight Catering, Duty-free Business amid Pandemic

Korean Air to Sell In-flight Catering, Duty-free Business amid Pandemic

SEOUL, July 7 (Korea Bizwire) — Korean Air Lines Co., the country’s biggest carrier, said Tuesday it will sell its in-flight catering and duty-free business to a private equity fund amid the growing impact of the coronavirus on the airline industry. Korean Air’s board of directors signed a memorandum of understanding with Hahn & Company [...]