Korean Air reports a second-quarter loss due to soaring fuel costs and Middle East conflict but expects recovery as fuel surcharges ease and demand rebounds.
Airlines across the Asia-Pacific region are beginning to feel the impact of the closure of the Strait of Hormuz and the resulting spike in fuel prices.
Korean Air’s board approved the carrier’s plan to order more than 100 Boeing aircraft, in addition to a separate proposal to acquire another 21 spare engines.
A series of Korean Air initiatives to enhance fuel management resulted in a 3.3% reduction in emissions in 2025 despite a 2.6% increase in flight operations.
South Korea’s (MOLIT) has selected T’way Air and Air Premia to operate several international routes previously served by Korean Air and Asiana Airlines.
