The Ministry of Land, Infrastructure and Transport has approved a request by Korean Air Lines to remodel passenger aircraft to carry more cargo.
Korea’s airline industry is suffering from a sharp decline in the number of transit passengers because of rules to prevent Covid-19 coming into Korea — even though transit passengers never even leave the airport.
Korean Air Lines will probably announce a profit for the second quarter despite a sharp decline in the passenger demand due to the pandemic. Its key to staying in the black: global cargo demand.
Hanjin KAL announced Thursday it will invest up to 300 billion won ($244 million) to purchase a portion of the 1 trillion won in new stock Korean Air Lines will issue later this year