SEOUL, Aug. 20 (Korea Bizwire) — Korean Air Lines Co., South Korea’s largest carrier, will retire its four-engine passenger aircraft within the next 10 years to shift its business model to smaller jets for long-haul flights, company officials said Friday. Korean Air plans to phase out its Airbus A380s within the next five years and [...]
SEOUL, Aug. 15 (Korea Bizwire) — Korean Air Lines Co., South Korea’s largest carrier, said Friday its second-quarter net profit dropped 20 percent from a year earlier as travel demand remained weak due to the prolonged COVID-19 pandemic. Its net profit reached 130 billion won (US$111 million) in the April-June period, compared with 162.4 billion [...]
SEOUL, July 5 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, has announced the details of an initiative expected to launch next year that would ensure systematic management of flight attendants’ exposure to cosmic radiation. Korean Air’s labor and management factions held negotiations last month to consult on such issues, industry sources [...]
SEOUL, July 1 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest airline, on Wednesday signed a memorandum of understanding with major oil refiner Hyundai Oilbank Co. for the establishment of an eco-friendly aviation fuel ecosystem. Bio-aviation fuel that is composed of grains, plant material, seaweed or animal fats can reduce carbon emissions by [...]
SEOUL, June 28 (Korea Bizwire) — Korean Air Co., South Korea’s biggest airline, will resume flights to Guam in August as it expects pent-up demand for the tourism spot that welcomes inoculated travelers without a quarantine, company officials said Monday. Korean Air will provide one flight a week on the Incheon-Guam route beginning Aug. 5 [...]
SEOUL, June 15 (Korea Bizwire) — In the midst of the COVID-19 pandemic crisis, South Korea’s flagship carrier Korean Air Lines Co. has set its longest direct flight record. Korean Air’s cargo plane KE8047, which departed from Incheon International Airport at 9:14 pm last Saturday, arrived at Miami International Airport in the U.S. after flying [...]
SEOUL, May 18 (Korea Bizwire) — Korean Air Lines Co. took the extraordinary measure of deploying medium-haul planes on long-haul eastern North American routes starting earlier this month to cope with the recent surge in cargo transport volume. The South Korea’s flagship carrier started operating A330 passenger aircraft as cargo dedicated planes on routes to [...]
SEOUL, May 14 (Korea Bizwire) — Korean Air Lines Co., South Korea’s largest carrier, said Friday its first-quarter net losses narrowed from a year earlier as its increased cargo deliveries offset the pandemic-caused slump in passenger travel. Net losses narrowed to 56.08 billion won (US$49.7 million) in the first quarter that ended on March 31 [...]
SEOUL, April 11 (Korea Bizwire) — South Korea’s flagship carrier Korean Air Lines Co. is expected to have turned a profit in the first quarter of 2021, data showed Sunday, as the company expanded its logistics business after the new coronavirus pandemic virtually suspended passenger travel. The country’s top airline operator is expected to post [...]
SEOUL, March 31 (Korea Bizwire) — Korean Air Co., South Korea’s largest airline, said Wednesday it plans to launch a merged entity with its smaller rival Asiana Airlines Ltd. in 2024 after completing a takeover process next year. Korean Air, which announced plans to acquire the debt-ridden Asiana for 1.8 trillion won (US$1.6 billion) in [...]