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Korean Air posts US$1.7b cargo revenue in Q1

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North Asia

Korean Air posts US$1.7b cargo revenue in Q1

May 4, 2022 by Payload Asia

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

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, cargo aviation, combination carriers, Korean Air, North Asia

Atlas Air forms JV to open freighter MRO facility in Korea

September 6, 2021 by Payload Asia

Atlas Air and Korean MRO services provider Sharp Technics K have signed a memorandum of agreement to form a joint venture and develop a dedicated MRO facility at Incheon airport for widebody cargo aircraft. The move comes amidst rapid growth in air cargo and e-commerce on a global scale, which has created a demand for converting planes for cargo. The planned custom freighter aircraft maintenance facility at ICN will be able to accommodate multiple wide-body jets at the same time and will be … [Read more...] about Atlas Air forms JV to open freighter MRO facility in Korea

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, Atlas Air, cargo aviation, freighter aircraft maintenance, Incheon Airport, North Asia, Sharp Technics K, widebody aircraft maintenance

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