SEOUL, Oct. 18 (Korea Bizwire) — South Korea’s top full service carrier Korean Air Lines Co. is seeking to raise an additional 1.5 trillion won (US$1.3 billion) in cash to overcome a prolonged, industrywide slump amid the pandemic, industry sources said Sunday. Korean Air plans to sell a lot of land in downtown Seoul to [...]
SEOUL, Oct. 8 (Korea Bizwire) — Korean Air Lines Co. announced Wednesday that it will secure additional cool cargo centers at Incheon International Airport next year to ensure safe shipping of coronavirus vaccines. The country’s top flag carrier currently owns a 1,292 square meter refrigerated warehouse at Incheon International Airport, that is capable of storing [...]
SEOUL, Sept. 28 (Korea Bizwire) — Korean Air Lines Co. and Asiana Airlines Inc. — South Korea’s two biggest carriers — are preparing to transport vaccines for the novel coronavirus as governments around the world continue throw resources behind efforts to develop a vaccine. While it is still too early to decide when or how [...]
SEOUL, Sept. 9 (Korea Bizwire) — Korean Air Lines Co. pledged on Tuesday to force passengers refusing to wear protective masks to disembark and ban them from future flights. As part of the company’s ‘Care First’ integrated prevention program, this new regulation requires all passengers to wear protective masks onboard. Korean Air is the first [...]
SEOUL, Sept. 9 (Korea Bizwire) — Korean Air Lines Co. said Wednesday it has begun to use two converted planes to transport cargo on routes to the United States in the latest move to offset a sharp decline in air travel demand amid the coronavirus pandemic. The biggest carrier in South Korea has recently converted [...]
SEOUL, Aug. 25 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Tuesday it has signed a deal to sell its in-flight catering and duty-free business to a local private equity fund, as it strives to secure capital amid the new coronavirus crisis. Korean Air held a board meeting to approve the [...]
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 [...]
SEOUL, Aug. 6 (Korea Bizwire) — Korean Air Lines Co. said Thursday it shifted to a net profit in the second quarter from a year earlier helped by strong cargo demand despite the new coronavirus outbreak. The country’s biggest carrier swung to a net profit of 162.4 billion won (US$137 million) in the April-June quarter [...]
BEIJING, July 25 (Korea Bizwire) — Korean Air Lines Co. said Friday it will resume flights to Tianjin, northeast China, next week after five months of suspension due to the new coronavirus outbreak. The flights between Incheon, west of Seoul, and Tianjin will run every two weeks on Tuesdays during July and August and every [...]
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 [...]