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Korea faces setbacks amid capacity increases

By Hpanchal on October 31, 2011

For the time being, there are no plans to add any more points to the network, Kee declared. Asiana’s next 747-400 freighter is not due before mid-2012, and two more will follow in 2014 and 2016.

Both airlines suffered setbacks in the second quarter from the weaker global economy and higher fuel costs. Korean Air posted a net profit for the period, but had an underlying operating loss of some $19 million, while Asiana saw operating profit plummet more than 64 percent.

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