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 [...]
SEOUL, Aug. 4 (Korea Bizwire) — Korean Air Lines Co. said Thursday its second-quarter net profit more than tripled from a year earlier on robust cargo deals and recovering travel demand. Net profit for the three months ended in June jumped to 450.41 billion won (US$344 million) from 129.96 billion won during the same period [...]
SEOUL, July 29 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Friday it will resume flights to Rome and Barcelona next month as travel demand grows amid eased virus curbs. It will operate three flights a week on the Incheon-Rome route starting Sept. 1 and three weekly flights on the Incheon-Barcelona [...]
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 [...]
SEOUL, July 17 (Korea Bizwire) — Korean Air Lines Co., South Korea’s national flag carrier, on Sunday resumed the Incheon-Sapporo route after more than two years of suspension, as pent-up travel demand was unleashed amid eased virus curbs. Korean Air said it will operate two flights a week on the Sapporo route starting from Sunday. [...]
ISTANBUL/SEOUL, July 10 (Korea Bizwire) — A Korean Air plane that departed from Turkiye made an emergency landing in Azerbaijan after a defect was found in one of its engines, the Seoul-based firm said Sunday. The Incheon-bound KE9956 aircraft with 215 passengers and 10 crew members aboard landed at Heydar Aliyev International Airport in the [...]
SEOUL, June 29 (Korea Bizwire) — Korean Air Lines Co. and Asiana Airlines Inc., South Korea’s two biggest carriers, on Wednesday resumed the Gimpo-Haneda route after a two-year suspension due to the COVID-19 pandemic. South Korea and Japan agreed to reopen the route last week. Korean Air and Asiana will operate two flights per week [...]
SEOUL, June 28 (Korea Bizwire) — Korean Air Lines Co., South Korea’s national flag carrier, said Tuesday it will restore its international flights to half of the pre-pandemic levels by September as pent-up travel demand is unleashed amid eased virus curbs. Korean Air currently operates one-third of the 120 international flights it offered before the [...]
SEOUL, June 27 (Korea Bizwire) — Once firmly on the path to recovery from the disruption brought on by the coronavirus pandemic, the South Korean airline industry is now facing a crisis of being trapped in ‘three highs,’ a term describing high inflation, high exchange rates and high interest rates. The price of aircraft fuel [...]
SEOUL, June 16 (Korea Bizwire) — Korean Air Lines Co. is set to impose record fuel surcharges on international routes in July amid soaring jet fuel prices, industry sources said Thursday. Starting July 1, South Korea’s top air carrier will apply a 42,900 won (US$33.30) to 339,300 won surcharge to one-way tickets on international routes, [...]