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
Korean Air
Korean Air sets eyes on becoming top global airline
Korean Air is gearing up for 2022 and has its sights on becoming a top 10 airline with the completed acquisition of Asiana Airlines. Walter Cho, Chairman and CEO of Korean Air, showed his appreciation to his entire team in his New Year’s address, noting that 2022 will be a ‘crucial year’ in preparation for the airline’s post-pandemic era. “It was during this most difficult time that we have achieved so much. These remarkable achievements would not have been possible without you. You are … [Read more...] about Korean Air sets eyes on becoming top global airline
Korean Air tests drones for aircraft inspection
Korean Air held a demo on 16 December to showcase its latest aircraft inspection technology using multiple drones, which is expected to shorten the inspection time and improve workplace safety. This new technology uses four drones, each measuring 1 metre in width and height and weighing 5.5 kilos, to inspect aircraft fuselage with an operations programme that allows the drones to take photos of pre-planned areas. The airline said the drone technology allows for the usual visual inspection … [Read more...] about Korean Air tests drones for aircraft inspection
Korean Air to lease Sonoco ThermoSafe’s Pegasus ULD
Sonoco ThermoSafe and Korean Air announced a global partnership agreement for the leasing of the new Pegasus ULD® temperature-controlled bulk shipping container. Pharma and health care freight forwarders can now lease Pegasus ULD containers directly from Korean Air, which has interline agreements with fellow carriers in the SkyTeam Cargo airline alliance. Sonoco ThermoSafe said it will open a preconditioning station for Pegasus ULD containers at Incheon airport (ICN) in Seoul, with … [Read more...] about Korean Air to lease Sonoco ThermoSafe’s Pegasus ULD
Korean Air posts record cargo revenue for Q2
Korean Air recorded its strongest quarter for cargo amidst capacity shortages and lack of belly space as more than one third of its planes remain grounded. In its non-consolidated financial results, the airline’s revenue jumped 16 percent year on year in Q2 to KRW1.9508 trillion (US$1,726 million), whilst operating profit climbed 31 percent to KRW196.9 billion (US$174 million). This would be the fifth consecutive quarter that the carrier has recorded operating profit, with its previous … [Read more...] about Korean Air posts record cargo revenue for Q2
PLA Global Wrap: Week 26
In this week's global wrap, we look back at B2B updates from week 26, including more recent commitments to adopt SAF and recent developments in unmanned air cargo delivery, with Dronamics and Hellmann announcing drone transport services as early as next year and DB Schenker and Volocopter conducting a joint static proof of concept for VoloDrone. Of course, we have the latest industry updates from the world's top airlines, airports, cargo handlers, forwarders and express operators, … [Read more...] about PLA Global Wrap: Week 26