The Korean flag carrier posted a KRW272 billion (US$247.5 million) net loss for the fourth quarter of 2014 and a KRW458 deficit for the full year, widened from a KRW57 billion loss recorded in the year-ago period. The net loss for 2014 is reported to be the result of a stronger US dollar which inflated the value of Korean Air’s foreign debts although its operating profit rose, helped by a recovery in the global air cargo industry, falling oil prices and cost-cutting. Korean Air … [Read more...] about Korean Air widens 4Q losses
Korean Air
Korean Air orders five 777 freighters
Boeing and Korean Air finalised an order for five 777 freighters. The order, valued at more than US$1.5 billion at current list prices. Korea’s flag carrier currently operates an all-Boeing freighter fleet of 26 airplanes that includes 17 747-400 freighters, five 747-8 freighters and four 777 freighters. “We truly value our enduring partnership with Korean Air and we are pleased that they have selected the 777 freighter to bolster their all-Boeing freighter fleet,” said … [Read more...] about Korean Air orders five 777 freighters
Korean Air flies direct to Milan, Rome
Korean Air has announced that commencing 25 February 2015 it will change the current service on its Seoul Incheon - Milan - Rome – Incheon route, to provide direct flights to both Milan and Rome, offering three flights a week to each destination, with Milan increasing to four times a week in March. The Rome service will see Korean Air operating three times a week utilising B777-300ER aircraft; while the new direct Milan service will initially operate three times a week utilising … [Read more...] about Korean Air flies direct to Milan, Rome
Korean Air VP quits after nut controversy
Korean Air’s vice president Heather Cho has resigned from the airline yesterday following a dispute over a packet of macadamia nuts. Cho, whose family runs Korean Air, caused a stir over was angered that a steward served her macadamia nuts in a bag instead of on a plate. She had the steward kicked off the flight, forcing the Incheon-bound jetliner holding some 250 passengers to return to a gate at New York's John F. Kennedy International Airport, where it had been preparing to take … [Read more...] about Korean Air VP quits after nut controversy
Korean Air 3Q cargo yields on the up
Korean Air registered a 5.7 per cent increase in cargo yield in 3Q 2014 as its load factor rose 2.5 percentage points to 79.1 per cent. Its cargo arm, accounting for 22.1 per cent of total airline revenues in Q3, saw a 10 per cent rise in domestic cargo revenue sales in the three months to September. Internationally, it recorded a three per cent rise in cargo revenues in and out of Japan, a 3 per cent fall in freight revenues in China and a static result in Southeast Asia. The Americas … [Read more...] about Korean Air 3Q cargo yields on the up
Nordisk begins LD3 delivery to Korean Air
AAR’s Nordisk Aviation Products has started delivery of 400 Nordisk AluLite AKE air cargo containers to Korean Air. The Nordisk AluLite AKE weighs 65kg and is the lightest-weight full-aluminium airfreight LD3 container in the industry, according to Nordisk. “Korean Air continues to favour aluminium because of its simplicity in maintenance and greater recycling benefits. With the Nordisk AluLite, Korean Air also gets the lightest full aluminium AKE container available,” … [Read more...] about Nordisk begins LD3 delivery to Korean Air
