Korean Air records stronger 2020 with boost from cargo, cost-saving efforts

The carrier fully utilized its 23 freighters and operated thousands of passenger freighter flights

Korean Air

Loading pharma cargo onto a 777F. Photo/Korean Air

Korean Air reported another annual net loss for 2020, but narrowed its losses compared to 2019 thanks to a sharp increase of 66% in cargo sales and lower operating and personnel costs. The airline reported a 17% year-over-year decline in operating income to 238.3 billion Korean won (US$219 million) and a net loss of $210 […]

 

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