SEOUL, Feb. 1 (Korea Bizwire) — Korean Air Co., South Korea’s biggest air carrier by sales, said Wednesday its net profit nearly tripled in 2022 from a year earlier as travel demand recovered amid eased COVID-19 virus curbs. The national flag carrier posted a net profit of 1.73 trillion won (US$1.4 billion) last year, up [...]
SEOUL, Jan. 2 (Korea Bizwire) — The head of South Korea’s leading airline, Korean Air Co., said Monday he will focus on completing the acquisition of its smaller local rival, Asiana Airlines Inc., and preparing for pent-up post-pandemic travel demand. In November 2020, Korean Air signed a deal to acquire the controlling stake in Asiana [...]
SEOUL, Dec. 27 (Korea Bizwire) — China’s antitrust regulator has approved Korean Air Co.’s integration with smaller local rival Asiana Airlines Inc., with approval yet to come from four countries, Korean Air said Tuesday. The Ministry of Commerce of the People’s Republic of China (MOFCOM) has demanded the merged Korean Air-Asiana entity reduce its market [...]
SEOUL, Dec. 1 (Korea Bizwire) — Korean Air Co., South Korea’s top air carrier, said Wednesday that it had installed sleeper seats in the business class of its smaller aircraft for the first time among domestic airlines. The newly-installed seats have a 180-degree flat-bed function. Korean Air introduced the lie-flat seats for the Prestige class [...]
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 [...]