Company
South Korean full-service airline based in Seoul, a Star Alliance member merged into the Korean Air group and operating from Incheon Airport.
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
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
Incheon Airport's 9,803-space expansion prices out at roughly 115 million won a bay for the Terminal 2 tower. The other 87 percent of the capacity comes off idle land, uncosted.
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