Korean Air has reported W238.3 billion (USD 219 million) in operating profit for 2020, 17 percent below 2019 figures, thanks to the airline’s strong cargo business and company-wide efforts to cut costs. Due to COVID-19, the significant fall in passenger demand resulted in a 40 percent drop in revenues to W7.4 trillion (USD 6.806 billion), the flag carrier said in a statement. Total operating expenses were down 40 percent year on year, reflecting the significant decline in passenger … [Read more...] about Korean Air posts operating profit as cargo takes up slack
Korea Air
Pratt & Whitney GTF Engines to power up Korea Air Airbus A321neo aircrafts
Pratt & Whitney, a division of United Technologies Corp. (UTX), and Korean Air announced the formal selection of the Pratt & Whitney GTF engine to power up to 50 Airbus A321neo aircraft. The aircraft are expected to begin delivery in 2021. Korean Air and Pratt & Whitney are also entering into discussions for the Korean Air Maintenance and Engineering Division to join Pratt & Whitney’s PW1100G-JM GTF MRO network. Korean Air currently operates 10 Airbus … [Read more...] about Pratt & Whitney GTF Engines to power up Korea Air Airbus A321neo aircrafts