Korean Air reported its 3Q 2024 financial results, showcasing a notable increase in revenue despite a decline in net profit. The airline’s revenue grew by 9.8% year-over-year, reaching $3.0 billion. However, net profit took a downturn, decreasing by 34.8% to $200.7 million, a reflection of various market and operational challenges.
Korean Air has expanded its fleet by taking delivery of a new Boeing 787-10, registered as HL8573. This latest addition, powered by GEnx-1B engines, supports the airline’s commitment to operational efficiency and sustainability.
T’way Air, a low-cost airline based in South Korea, has expanded its fleet with the recent delivery of an Airbus A330-200, serial number 1393, HL8276. The aircraft is equipped with Pratt & Whitney PW4170 (PW4168A) engines, which provide enhanced fuel efficiency and performance for medium to long-haul routes. This A330-200 delivery aligns with T’way Air’s…
Korean Air and Asiana Airlines are optimistic about receiving European Union (EU) regulatory approval for their merger by early November 2024.
Civic groups in Busan, South Korea, have called for the government to take steps to secure Air Busan’s future as a separate entity, independent of Asiana Airlines.
