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Biz & Tech

Airlines

Thu, October 29, 2020 | 23:26

Cathay Pacific to cut thousands of jobs, close Cathay Dragon subsidiary

Cathay Pacific to cut thousands of jobs, close Cathay Dragon subsidiary

Cathay Pacific is to slash up to 5,900 jobs and shutter its Cathay Dragon subsidiary, the Hong Kong carrier said Wednesday, joining a growing list of airlines making swingeing cuts as they reel from the coronavirus pandemic. Across the globe, airlines have been hammered by the pandemic slashing international travel and they face a long, hard winter after a much-hoped-for rebo...

2020-10-21 11:44

Jeju Air resumes flights to China's Harbin

Jeju Air resumes flights to China's Harbin

Jeju Air Co., South Korea's biggest low-cost carrier, on Wednesday resumed flights to the Chinese city of Harbin to meet travel demand from businessmen and students. Jeju Air will offer one flight a week on the Incheon-Harbin route from Wednesday after suspending the route for more than seven months amid the new coronavirus pandemic, the company said in a statement.

2020-10-21 10:42

Eastar to cut half of workforce to woo new investors

Eastar to cut half of workforce to woo new investors

Eastar Jet Co. said Tuesday it will lay off more than half of its workforce this week as it strives to find a new investor after Jeju Air Co. scrapped its plan to acquire the smaller budget carrier amid the coronavirus pandemic. Eastar plans to deliver pink slips to 605 of its 1,200 employees Wednesday before it begins the process of finding a new investor, Eastar Senior Vice...

2020-10-13 10:41

British Airways chief executive Cruz steps down

British Airways chief executive Cruz steps down

British Airways, slammed by the coronavirus pandemic, said Monday that CEO Alex Cruz is stepping down "with immediate effect" but gave no reason for his departure. Parent group IAG added in a statement that Cruz, who has been BA chief executive for four and half years, will be replaced by its Aer Lingus boss Sean Doyle but will remain non-executive chairman.

2020-10-12 16:03

Airlines, except Korean Air, to report operating losses for 3Q

Airlines, except Korean Air, to report operating losses for 3Q

Almost all domestic airlines are having a hard time due to the prolonged COVID-19 pandemic and are expected to report operating losses during the third quarter, which is typically cited as the traditional peak season for air travel, industry analysts said Friday.

Jun Ji-hye | 2020-10-09 16:11

Seoul City criticized for pushing to turn Korean Air-owned land into public park

Seoul City criticized for pushing to turn Korean Air-owned land into public park

The Seoul Metropolitan Government is facing criticism over its unilateral push to turn a vacant lot owned by Korean Air in central Seoul into a public park, with critics claiming Thursday that the decision infringes on the property rights of a private company.

Jun Ji-hye | 2020-10-08 16:48

Some Korean evacuees have yet to pay for COVID-19 chartered planes

Some Korean evacuees have yet to pay for COVID-19 chartered planes

Some Korean nationals, who returned home aboard government-chartered evacuation flights amid the COVID-19 pandemic, have yet to pay their agreed evacuation fees despite the government's consistent pressure for them to make payments, an independent lawmaker said Wednesday.

Jun Ji-hye | 2020-10-07 17:14

T'way Air to start flights to Japan next month

T'way Air to start flights to Japan next month

T'way Air, a South Korean low-cost carrier, said Wednesday it will begin flights to Japan next month mainly to meet business travel demand. T'way Air will resume services on the routes from Incheon to Osaka and Tokyo on Nov. 5 and Nov. 6, respectively, with a plan to eventually provide flights on routes to Nagoya and Fukuoka, the company said in a statement.

2020-10-07 10:21

Virus cases fall back to double digits; potential spike still worrisome

Incheon airport CEO warns of legal actions against transport ministry

Incheon airport CEO warns of legal actions against transport ministry

Incheon International Airport Corp. (IIAC) President and CEO Koo Bon-hwan warned of legal actions against the Ministry of Land, Infrastructure and Transport and its officials for what he claimed was their abuse of power in pushing to remove him from office.

Jun Ji-hye | 2020-09-25 16:49

Asiana to offer domestic sightseeing flights using A380

Asiana to offer domestic sightseeing flights using A380

Asiana Airlines will operate domestic sightseeing flights next month utilizing its A380 fleet whose operation has been suspended due to the prolonged COVID-19 pandemic.

Jun Ji-hye | 2020-09-24 16:49

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