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Biz & Tech

Airlines

Thu, March 4, 2021 | 08:56

Korean Air to suffer first quarterly loss in 7 years

Korean Air to suffer first quarterly loss in 7 years

Korean Air is projected to report an operating loss of over 200 billion won ($163 million) in the first quarter for the first time in seven years amid the global COVID-19 pandemic that has halted almost all international passenger flights, according to industry analysts Thursday.

2020-04-16 16:55

Pilots have nowhere to go amid COVID-19 pandemic

Pilots have nowhere to go amid COVID-19 pandemic

Airline pilots are suffering a bitter blow, with some of them having already lost their jobs, as air carriers have been rushing to cut manpower to reduce costs amid the global COVID-19 pandemic that has seen the cancellation of almost all international flights.

2020-04-08 17:22

Airlines struggle to tide over virus impact

Airlines struggle to tide over virus impact

South Korean airlines, one of the hardest-hit industries by the outbreak of the new coronavirus, are taking unprecedented measures, such as unpaid leave, job cuts and asset sales, to overcome the COVID-19-triggered crisis, industry sources said Wednesday.

2020-04-08 14:34

In-flight meal makers facing hardship amid coronavirus pandemic

In-flight meal makers facing hardship amid coronavirus pandemic

In-flight meal providers are suffering as air carriers have halted most international flights amid the global COVID-19 pandemic, airline industry officials said Friday.

2020-04-05 16:50

Air passengers drop to record low in March amid virus woes

Air passengers drop to record low in March amid virus woes

The number of air passengers in South Korea fell to a record low last month due to the novel coronavirus pandemic, data showed Sunday, as countries around the globe impose lockdowns and restrict travel and people shun travel. The number of air passengers stood at 1.74 million in March, according to industry data, marking the first time that the figure has fallen below 2 milli...

2020-04-05 15:18

Virus fallout: Empty in-flight meal carts [PHOTOS]

Virus fallout: Empty in-flight meal carts [PHOTOS]

An aircraft meal cart is almost empty at Korean Air's in-flight meal production center in Incheon, Thursday. The facility, which used to produce 70,000 meals a day before the outbreak of the coronavirus, now makes only 3,700 as most flights are grounded.

2020-04-02 17:03

'It's still too early to ease social distancing'

Korean budget carrier Eastar Jet to lay off 750 employees

Korean budget carrier Eastar Jet to lay off 750 employees

Eastar Jet, a Korean budget airline, plans to lay off 750 employees due to financial difficulties from the COVID-19 pandemic. According to industry sources Thursday, the company plans to lay off 45 percent of its 1,680 workers - to 930 - to keep the business afloat amid the crisis. The company is also in talks to reduce its fleet by 10 planes to 13.

2020-04-02 13:51

Foreign Korean Air pilots to take 3 months of unpaid leave

Foreign Korean Air pilots to take 3 months of unpaid leave

Korean Air Lines Co. is set to put all of its non-Korean pilots on a three-month unpaid leave starting next month in a self-rescue effort amid worsening business conditions caused by the coronavirus outbreak. Under the measure, 387 pilots are expected to go on mandatory unpaid leave from April 1 to June 30, an industry source said Tuesday.

2020-04-01 14:25

Hanjin chief calls for gov't support over coronavirus

Hanjin chief calls for gov't support over coronavirus

Hanjin Group Chairman Cho Won-tae called Sunday for government support as he is pushing to raise funds to tide over difficulties over the spreading coronavirus outbreak.

2020-03-30 10:26

Hanjin chairman wins vote showdown with sister

Hanjin chairman wins vote showdown with sister

Hanjin Group Chairman Cho Won-tae was reappointed as an executive director of Hanjin KAL, the group's holding company, Friday, defending his management rights of the logistics-centered business group amid a sibling feud with his elder sister and group heiress Cho Hyun-ah.

2020-03-27 16:43

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