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Korean Air Q3 Net Profit More than Triples on Booming Travel Demand

Korean Air Q3 Net Profit More than Triples on Booming Travel Demand

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 [...]

Korean Air, Airbus Helicopters Signs MOA for Unmanned Helicopter Development

Korean Air, Airbus Helicopters Signs MOA for Unmanned Helicopter Development

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 [...]

Korean Air to Purchase Sustainable Aviation Fuel from Shell

Korean Air to Purchase Sustainable Aviation Fuel from Shell

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 [...]

Korean Air Tapped as Preferred Bidder for Combat Drones

Korean Air Tapped as Preferred Bidder for Combat Drones

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 [...]

Korean Air Freezes Fuel Surcharges on Int’l Routes for Aug.

Korean Air Freezes Fuel Surcharges on Int’l Routes for Aug.

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 [...]