Korean Air beat the previous quarter’s record operating profit as the airline posted revenue of KRW 2.8052 trillion (US$2.3168 billion) and an operating profit of KRW 788.4 billion (US$651.1 million) in the first quarter. The airline’s cargo flight operations pulled in revenue of KRW 2.1486 trillion (or US$1.7 billion) in the first quarter. Korean Air said it maximized revenue through increasing freighter operation rates and using grounded passenger jets on cargo routes. The airline noted … [Read more...] about Korean Air posts US$1.7b cargo revenue in Q1
combination carriers
Korean Air celebrates 50 years of US operations
On 19 August last week, Korean Air celebrated the 50th anniversary of its US operations with a recognition from the city of Los Angeles for its economic contributions. In 1972, the airline started by serving only Honolulu and Los Angeles. It now flies out of 13 gateways across North America with its headquarters in downtown Los Angeles. From the 43,800 passengers transported between the US and Seoul in 1972, the airline recorded over 3 million passengers in 2019 (pre-COVID). … [Read more...] about Korean Air celebrates 50 years of US operations
IAG Cargo returns to Australia with belly capacity
IAG Cargo has restarted its London Heathrow to Sydney route for the first time since early 2020, as Australia reopened its borders to vaccinated passengers all over the world. Starting 27 March, IAG Cargo will utilise a B787-9 widebody aircraft with the capacity to transport up to 13 tonnes of cargo (10 compatible pallets) on a daily rotation. The route will travel via Singapore. IAG Cargo said it started taking bookings on 15 March. Popular items typically exported from the region … [Read more...] about IAG Cargo returns to Australia with belly capacity
An ‘air cargo tale’ of two regional carriers
2021 looked like a repeat of 2020 with new variants, transport curbs and supply chain disruptions settling in with the new norm. For aviation, air cargo continued to run the show, with passenger demand still taking a back seat on the road to recovery. As combination carriers found creative ways to add cargo capacity and enjoy the elevated yields, pure cargo operators like Raya Airways saw the situation as a ‘big opportunity’. 2021 highlights The Malaysian cargo airline has been operating … [Read more...] about An ‘air cargo tale’ of two regional carriers
