SEOUL, Aug. 20 (Korea Bizwire) — The combined value of unused miles at South Korea’s two major air carriers reached 3.4 trillion won (US$2.5 billion) as of the first half of 2023, data showed Sunday, amid the extension of expiry dates after the COVID-19 pandemic disrupted international travel. The amount of the deferred income of [...]
SEOUL, Aug. 12 (Korea Bizwire) — Korean Air Co., South Korea’s leading carrier, said Friday it has enhanced its cash and miles program to allow its customers to redeem more miles when purchasing tickets. Starting Thursday, Korean Air increased the maximum amount of redeemable miles to 30 percent from the existing 20 percent, the company [...]
SEOUL, July 27 (Korea Bizwire) — Korean Air Co. said Wednesday it will introduce KAL’s Lager, a craft beer developed in-house, to passengers in September. The South Korea’s top air carrier collaborated with Playground Brewery to create the craft beer. Commencing from Thursday, KAL’s Lager will be available for purchase at Emart 24 convenience stores [...]
SEOUL, June 29 (Korea Bizwire) — GS Caltex Corp. and Korean Air Co. joined hands to carry out test flights using bio jet fuel, the companies said Thursday, in the latest step in the green energy transition toward a reduced carbon footprint. The two companies signed the memorandum of understanding, under which the oil refiner [...]
SEOUL, June 26 (Korea Bizwire) – Korean Air Co., South Korea’s biggest carrier, said Monday it has delivered the first AH-6 helicopter fuselage commissioned by Boeing Defense, Space & Security (BDS). Korean Air signed a deal with Boeing in December 2021 to manufacture eight fuselages for AH-6 helicopters that will be assembled by BDS, the [...]
SEOUL, May 19 (Korea Bizwire) — The U.S. government is considering suing to block South Korean national flag carrier Korean Air Co.’s planned acquisition of its smaller domestic rival Asiana Airlines Inc. due to competition reasons, a news report has said. The two Korean airlines’ planned merger may harm competition on passenger and cargo traffic [...]
SEOUL, May 3 (Korea Bizwire) — Korean Air Co., South Korea’s biggest carrier by sales, said Wednesday its first-quarter net profit fell 35 percent from a year earlier on higher operating costs. Net profit for the three months ended in March fell to 355.42 billion won from 543.85 billion won (US$406 million) during the same [...]
SEOUL, Feb. 28 (Korea Bizwire) — Korean Air Co., South Korea’s national flag carrier, announced on Monday the launch of eco-friendly cosmetics pouches made from upcycled life vests. The company released a limited number of cosmetics pouches in collaboration with local beauty brand 107. The upcycled pouches consist of a facial cleanser, a face mist, [...]
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 [...]