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Korean Air Workers Allow Company to Decide Wage Increase in 2017

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 [...]

Korean Air Swings to Black in First Quarter on FX Gains

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 [...]

Delta and Korean Air to Expand Partnership

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 [...]

Korean Air to Add Flights on Major Routes

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 [...]

Korean Air Launches Boeing 787-9 Dreamliner on Domestic Route

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 [...]

Korean Air Revises Rules to Allow More Use of Force against In-Flight Violence

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 [...]

Korean Air Pilots Continue Strike with No Solution in Sight

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 [...]

Korean Air Cancels over 130 Flights Due to Pilot Walkout

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 [...]

Korean Air Fined 1.43 Bln Won for Unfair Deals with Affiliates

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 [...]

Korean Air, Asiana Airlines Shunned by Debt Investors

SEOUL, Oct. 20 (Korea Bizwire) – Korean Air Lines Co. and Asiana Airlines Inc., the country’s two major air carriers, are being shunned by institutional investors in the local debt market as they fret over their high indebtedness, although their third-quarter earnings are forecast to be better than expected, industry sources said Thursday. According to [...]