On 19 August last week, Korean Air celebrated the 50th anniversary of its US operations with a recognition from the city of Los Angeles for its economic contributions. In 1972, the airline started by serving only Honolulu and Los Angeles. It now flies out of 13 gateways across North America with its headquarters in downtown Los Angeles. From the 43,800 passengers transported between the US and Seoul in 1972, the airline recorded over 3 million passengers in 2019 (pre-COVID). … [Read more...] about Korean Air celebrates 50 years of US operations
Korean Airlines
Cargo uptick to lift Q2 earnings for South Korea’s airlines
Korean Airlines seems to be moving back to profitability as its cargo business does well and helps balance the loss of passenger traffic, JoongAng Daily’s Jin Min-ji reports. Amidst increasing freight rates and relatively lower fuel and labour costs, Korean Air Lines expects to report a net profit of KRW 149 billion (US$124 million) in the second quarter, according to Hanwha Investment & Securities. This would be a turnaround from the KRW 736.86 billion (US$616 million) net … [Read more...] about Cargo uptick to lift Q2 earnings for South Korea’s airlines
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