Cargo continued to dominate the passenger side at Korean Air during the third quarter.
Korean Air’s cargo division is propping up the entire airline with passenger traffic still underwater.
Don’t be afraid of the drone swarm. It’s just Korean Air’s approach to using several drones at once to visually inspect its aircraft.
There are too many airlines in Korea’s domestic market to survive, so the government engineered a merger between Korean Air and Asiana.
“Look, Mom, no seats!” That’s Korean Air saying it’s flying a passenger plane with the seats removed because it can make more money putting cargo on the floor.
Korean Air is a unicorn among passenger airlines. It made a profit in the second quarter, a remarkable feat given the depressed state of the airline industry.
Korean Air is the latest airline to get government aid and raise capital to increase its cash position.
Hanjin KAL, controlled by the Cho family, remains the largest shareholder in Korean Air.
Drones could someday deliver thousands of packages a day, but who will monitor all this air traffic?
Airline Garuda Indonesia has been ordered by an Australian court to pay A$19 million (US$13.14 million) in penalties for air cargo price fixing as part of a massive international cartel. Australian penalties of A$132.5 million (US$91.64 million) have so far been levied against 14 airlines.
