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Korean Air posts operating profit as cargo takes up slack

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Korea Air

Korean Air posts operating profit as cargo takes up slack

February 5, 2021 by Payload Asia

Korean Air Announces Operating Profit in 2020 Amid COVID-19 Crisis

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

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, Asiana Airlines, cargo aviation, full freighter utilisation, Korea Air

Pratt & Whitney GTF Engines to power up Korea Air Airbus A321neo aircrafts

March 2, 2020 by Payload Asia

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

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, Airbus A321neo aircraft, airlines cargo, airways cargo, asia cargo news, cargo aviation, Korea Air, Pratt & Whitney, Pratt & Whitney GTF Engines

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