Company
Korean Air is South Korea's largest airline and flag carrier, operating domestic and international passenger and cargo flights from its Seoul hub.
Korean Air and Asiana will apply level 27 fuel surcharges in November, four tiers above October, after average Singapore jet fuel rose 9.7%. Year-end travellers pay the difference, and the carriers' risk is whether bookings hold at the higher price.
Reality
Korean Air booked record third-quarter revenue of 5.04 trillion won, up 26%, yet operating profit rose 12% to 421.2 billion won. Roughly 95% of the 838 billion won rise in net income came from below that line.
Perspective Coverage
5 publishersReality
Bucheon has occupancy contracts with Korean Air, SK Innovation, SK hynix and DN Solutions for about 2.62 trillion won of R&D spending at Daejang. The site is still under construction, so the jobs Bucheon wants depend on those companies spending what they pledged.
Reality
Parata Air starts flying Incheon-Shenzhen four times a week from Nov. 9, the newest of a run of China routes from Korean budget carriers. The seats are going into fast-rising Chinese demand, so the first fare fight is likelier on city pairs the carriers already share, such as Incheon-Qingdao.
Reality
South Korea's parliamentary transport committee called BYD Korea's head, its passenger-car chief and Tesla Korea's head to testify at its audit on Oct. 15. Both carmakers' Korean operations go on the record, and any further cost depends on what lawmakers do next.
Reality
South Korea's Japan and China routes added 6.14 million passengers in January-August, slightly more than the 6.12 million gain in all international traffic. Southeast Asia shrank while the longer Americas and Europe routes grew, a pattern that points to surcharges moving the trips that had a closer substitute.
Reality
Jet fuel averaged $149.29 a barrel in the window that set the September level, up 25.4%. Crude has since fallen, but Korean Air's long-haul surcharge still reaches 354,000 won a leg.
Reality