Korean Air

Automaker Hyundai and the Seoul metropolitan government have signed a memorandum of understanding to enable the development of urban air mobility (UAM) in the South Korean capital.

The carrier has scheduled two Airbus A380 flights to Honolulu in August.

Korean Air plans to reduce its passenger fleet again this year by delaying scheduled deliveries and returning some aircraft to lessors.

Korean Air has managed to achieve an operating profit in 2020 despite the disruption of the COVID-19 crisis, and the South Korean carrier also succeeded in more than halving its annual net loss.

A potential hurdle for the proposed Korean Air-Asiana Airlines merger has been removed after the dismissal of a legal challenge that was filed against the deal.

Korean Air believes its takeover of Asiana Airlines will lead to network expansion and increase the carrier’s overall competitiveness.

The COVID-19 crisis is set to spark major consolidation in the South Korean airline industry, with Korean Air planning to purchase struggling rival Asiana Airlines.

The airline forecasts increased cargo demand in the current quarter.

Korean Air has reached an agreement to sell its inflight catering and duty-free businesses, valuing them at KRW990.6 billion ($835 million).

The emergence of the COVID-19 outbreak has significantly worsened Seoul-based Asiana’s attractiveness as a business.

Korean Air has managed to buck industry trends by achieving a net profit for the second quarter, thanks mainly to a strong performance by the carrier’s cargo unit.

Korean Air has selected a buyer for its inflight catering and duty-free business as part of measures to improve liquidity and meet debt obligations.

Korean Air has been cleared to seek additional financing from a new government assistance fund that should help the carrier stay afloat through the COVID-19 crisis.

Carrier to be based 100 km south of Seoul at Cheongju International Airport.

Korean Air predicts losses seen in the 2020 first quarter (Q1) will continue though the current quarter, although there are some positive signs for passenger demand emerging.

Korean Air has decided on a substantial issue of new shares as part of its efforts to raise KRW2.2 trillion ($1.8 billion) in funds to boost liquidity during the COVID-19 crisis.

Korean Air plans to restore some international routes in June that have been suspended due to COVID-19 travel restrictions. The carrier’s flight cuts

Korean Air is the latest carrier to be offered a major state-backed financial support package to help it survive the COVID-19 crisis.

Domestic schedule moves toward normalcy as South Korea recovers from COVID-19 pandemic.

Korean Air plans to reinstate some previously suspended domestic flights in May, a sign that domestic demand is beginning to recover from the COVID-19 crisis in South Korea.

Korean Air is putting about 70% of its South Korea-based workforce on leave for up to six months to match the heavily reduced scale of its operations.

Korean Air’s transition to a cloud-based IT network has improved its employees’ ability to work from home during the COVID-19 crisis, the South Korean

A ban on South Korean low-cost carrier Jin Air offering new routes has been lifted.

Korean Air chairman and CEO Walter Cho has succeeded in repelling a challenge to his leadership from a coalition of shareholder groups allied with his sister Heather Cho.

Korean Air is introducing new measures to reduce its costs and boost revenue to offset the sharp drop in demand caused by the COVID-19 pandemic.