Latest news with #KoreanAir
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Korea Herald
3 days ago
- Business
- Korea Herald
[Photo News] 30 years flying to Washington
Korean Air officials, including Seok In-hak, Korean Air's station manager at Washington Dulles International Airport (fourth from right), and airport authorities pose for a photo during an event marking 30 years of flight service to Washington, DC, held at the airport on Friday. Launched in 1995, the route has been central to diplomacy, business and Korea-US ties. Initially operating via New York, it became a direct service in 1999. Since 2008, Korean Air has been the only South Korean carrier offering daily nonstop flights between Seoul and Washington. (Korean Air)
Korea Herald
18-07-2025
- Business
- Korea Herald
Seoul shares end lower on retail selling amid tariff worries
Seoul shares closed lower Friday as investors remained cautious over US President Donald Trump's latest tariff threat. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 4.22 points, or 0.13 percent, to close at 3,188.07. The main index rose 0.39 percent for the week. Trade volume was moderate at 389.98 million shares worth 11.84 trillion won ($8.5 billion). Decliners outnumbered gainers 589 to 303. The KOSPI reversed earlier gains after opening higher, tracking overnight gains on Wall Street. The Dow Jones Industrial Average rose 0.52 percent and the tech-heavy Nasdaq composite climbed 0.75 percent. Individuals sold a net 340.72 billion won worth of stocks, offsetting stock purchases by institutions and foreigners of 61.85 billion won and 187.72 billion won, respectively. Trump recently notified key US trading partners of new tariff rates set to take effect Aug. 1 unless they offer sweetened terms in ongoing negotiations. Investors are awaiting second-quarter earnings results from major companies in the coming weeks for clues on the market's direction, while keeping an eye on further developments in US trade policy, analysts said. In Seoul, large-cap stocks were mixed. Leading shipbuilder HD Hyundai fell 2.18 percent to 134,800 won, and state-run utility firm Korea Electric Power Corp. declined 0.68 percent to 36,250 won. National flag carrier Korean Air dropped 0.95 percent to 25,950 won, and No. 1 shipping firm HMM shed 0.99 percent to 25,000 won. Among gainers, top carmaker Hyundai Motor rose 0.24 percent to 210,500 won and market behemoth Samsung Electronics climbed 0.6 percent to 67,100 won. Leading steelmaker Posco Holdings gained 1.14 percent to 311,000 won, and leading battery firm LG Energy Solution rose 1.74 percent to 322,500 won. The local currency was quoted at 1,393.00 won against the greenback at 3:30 p.m., down 0.4 won from the previous session. (Yonhap)
Yahoo
11-07-2025
- Business
- Yahoo
Korean Air quarterly cargo revenue falls amid volatile U.S. tariffs
SEOUL (Reuters) -Korean Air reported on Friday a fall of 4% in cargo revenue for the second quarter of its financial year, pointing to market volatility stemming from U.S. tariff policies. South Korea's largest airline is also one of Asia's largest cargo carriers and has benefited in recent years from rising volumes of e-commerce out of China. Its cargo revenues rose 14% on the year in the corresponding quarter last year, and have risen on an annual basis every quarter since, which the airline said was driven by the rising e-commerce volumes. Air cargo shipment volume to the United States from Asia fell by double digits in May since the U.S. scrapped a tax-free exemption for low-value packages from China early that month, Reuters reported, with e-commerce shipments hit hard. "The airline navigated market volatility caused by U.S. tariff policies by diversifying its product offerings and focusing on high-yield cargo," Korean Air said in a statement. Semiconductors, batteries, solar cells, and seasonal perishables were among such items, it added. Quarterly revenue was stable from the corresponding quarter last year, Korean Air said, at 4 trillion won ($2.9 billion) but operating profit fell 3.5% despite lower fuel prices, on rising expenses such as personnel and depreciation costs. It became one of Asia's biggest carriers after completing a $1.3-billion acquisition of rival Asiana Airlines last year. ($1=1,375.1600 won) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
11-07-2025
- Business
- Reuters
Korean Air quarterly cargo revenue falls amid volatile U.S. tariffs
SEOUL, July 11 (Reuters) - Korean Air ( opens new tab reported on Friday a fall of 4% in cargo revenue for the second quarter of its financial year, pointing to market volatility stemming from U.S. tariff policies. South Korea's largest airline is also one of Asia's largest cargo carriers and has benefited in recent years from rising volumes of e-commerce out of China. Its cargo revenues rose 14% on the year in the corresponding quarter last year, and have risen on an annual basis every quarter since, which the airline said was driven by the rising e-commerce volumes. Air cargo shipment volume to the United States from Asia fell by double digits in May since the U.S. scrapped a tax-free exemption for low-value packages from China early that month, Reuters reported, with e-commerce shipments hit hard. "The airline navigated market volatility caused by U.S. tariff policies by diversifying its product offerings and focusing on high-yield cargo," Korean Air said in a statement. Semiconductors, batteries, solar cells, and seasonal perishables were among such items, it added. Quarterly revenue was stable from the corresponding quarter last year, Korean Air said, at 4 trillion won ($2.9 billion) but operating profit fell 3.5% despite lower fuel prices, on rising expenses such as personnel and depreciation costs. It became one of Asia's biggest carriers after completing a $1.3-billion acquisition of rival Asiana Airlines ( opens new tab last year. ($1=1,375.1600 won)
Yahoo
11-07-2025
- Business
- Yahoo
Korean Air quarterly cargo revenue falls amid volatile U.S. tariffs
SEOUL (Reuters) -Korean Air reported on Friday a fall of 4% in cargo revenue for the second quarter of its financial year, pointing to market volatility stemming from U.S. tariff policies. South Korea's largest airline is also one of Asia's largest cargo carriers and has benefited in recent years from rising volumes of e-commerce out of China. Its cargo revenues rose 14% on the year in the corresponding quarter last year, and have risen on an annual basis every quarter since, which the airline said was driven by the rising e-commerce volumes. Air cargo shipment volume to the United States from Asia fell by double digits in May since the U.S. scrapped a tax-free exemption for low-value packages from China early that month, Reuters reported, with e-commerce shipments hit hard. "The airline navigated market volatility caused by U.S. tariff policies by diversifying its product offerings and focusing on high-yield cargo," Korean Air said in a statement. Semiconductors, batteries, solar cells, and seasonal perishables were among such items, it added. Quarterly revenue was stable from the corresponding quarter last year, Korean Air said, at 4 trillion won ($2.9 billion) but operating profit fell 3.5% despite lower fuel prices, on rising expenses such as personnel and depreciation costs. It became one of Asia's biggest carriers after completing a $1.3-billion acquisition of rival Asiana Airlines last year. ($1=1,375.1600 won) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
