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
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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,” says … [Read more...] about Nordisk begins LD3 delivery to Korean Air
Korean Air hits Q1 sales and profit records
Korean Air said its first quarter sales and operating profits were the highest ever, based on an increase in demand for travel and a strong won. The carrier’s first quarter sales were 2.6 trillion won (US$2.3 billion), up 14.8 per cent from the first quarter of last year, when it achieved its previous record of 2.3 trillion won. Operating profit also rose to 220.2 billion won in the first quarter, up 45.4 per cent from the previous record of 151.4 billion won, which was recorded in … [Read more...] about Korean Air hits Q1 sales and profit records
WFS boosts volumes with 12 new contracts
Worldwide Flight Services (WFS), the world’s largest cargo handler, has boosted its volumes in Paris by over 6,000 tonnes a month after signing contracts with a dozen new airlines. Korean Air is the largest of the contracts and sees WFS handling 2,000 tonnes a month for the airline through its cargo facilities at Paris CDG. TAM Airlines of Brazil will boost throughput by a further 1,000 tonnes a month. The remaining ten contracts with Air Caraibes, Air Madagascar, Air Algérie, … [Read more...] about WFS boosts volumes with 12 new contracts
Korean Air to supply as B747-8 wing part supplier
Korean Air’s Aerospace Business Division has announced that the airline has been selected to produce the wing structure components for the new Boeing 747-8 aircraft. Since August 2008 Korean Air’s Tech Centre – the Aerospace Business Division, located in Pusan, South Korea – has delivered raked wing tips, wing tip extensions and flap tTrack fairings for Boeing’s wing structures. “Korean Air has produced the components of the wing and … [Read more...] about Korean Air to supply as B747-8 wing part supplier
Korean Air launches Hanoi service
Korean Air Lines (KAL) Cargo has announced the launch of a scheduled B747-400 freighter service to the Vietnamese capital, Hanoi. The service will operate twice-weekly to Hanoi via Singapore from Seoul Incheon with the return routed direct from Hanoi to Incheon. The carrier pointed to the presence of MNCs like Canon, Nike and Toyota which it said were generating air cargo export traffic through Hanoi ranging from electronics to textiles. … [Read more...] about Korean Air launches Hanoi service
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