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17. Strong Cargo, Reduced Costs Result in Operating Profit for Korean Air
Korean Air today reported KRW 7.405 trillion (USD 6.806 billion) in sales and KRW 238.3 billion (USD 219 million) in operating profit for FY2020. The decline in passenger demand due to COVID19 continued throughout the year, causing gross sales to fall 40% and passenger sales to drop 74% year-on-year. Published by TravelNewsAsia.com on 4 February 2021.
18. Korean Air Records World’s No.3 in Cargo Volume
Korean Air Records World’s No.3 in Cargo Volume
19. Integrated Global Logistics Will Boost Global Economy
Cho has been part of the B20’s ‘Trade and Investment’ Working Group, convening with other business leaders from around the world at the B20, an adjunct to the G20 Summit that is designed to strengthen worldwide financial cooperation. Also participating in that working group were the Chairman of Nestle, and the presidents of Dow Chemical Company and Embraer among others.
20. Korean Air to establish New Cargo Terminal at Tianjin Binhai International Airport
Korean Air to establish New Cargo Terminal at Tianjin Binhai International Airport. Korean Air, the world's largest commercial cargo carrier in terms of FTK (freight ton-kilometers) volume, is strengthening its position in the China market with the establishment of a new cargo terminal at the Tianjin Binhai International Airport through a joint venture with Sinotrans Air Transporta
21. IATA Reports November 2016 Air Freight Demand
Asia Pacific airlines saw demand in freight volumes grow 6.1% in November 2016 compared to the same period in 2015 and capacity grew by 4.0%. Seasonally-adjusted volumes are now back to the levels reached in 2010 during the post-global financial crisis bounce-back. The increase in demand is captured in the positive outlook from business surveys in the region.
22. IATA ranks Korean Air Cargo World's No. 2
IATA ranks Korean Air Cargo World's No. 2.
23. Jet Airways Orders 75 Boeing 737 Max Aircraft
India’s Jet Airways has ordered 75 Boeing 737 Max aircraft, including options and purchase rights for an additional 50 aircraft. The 737 Max incorporates the latest technology CFM International LEAP-1B engines as well as Advanced Technology winglets.
24. RwandAir to Offer Inflight Mobile and Wi-Fi Services
RwandAir has become the fourth African airline to choose SITAONAIR as its connectivity provider. RwandAir has two A330s, both of which will be line fitted with mobile phone and Wi-Fi services. The first A330 will be delivered in October 2016.

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