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Korean Air Lines Q3 Parent Operating Profit $102 Mln, Down 70% From Year Earlier
Korean Air Says H1 Operating Profit $38 Mln, Down 82% From Year Earlier
Delta Air Lines Says It "Will Not Take Any Action To Influence The Management" Of Hanjin Kal
KOREAN AIRLINES CO.,LTD. is a Korea-based company mainly engaged in air transportation business. Along with subsidiaries, the Company operates its business through five segments. The Air Transport segment is involved in the provision of domestic and international airline transportation services for passengers and freights. The Aerospace segment is involved in development, production and sale of manned and unmanned aerial vehicles, civil aircrafts, the maintenance of combat aircrafts, the manufacturing and sale of satellites. The In-flight Meal segment is engaged in the production and distribution of food. The Hotel and Limousine segment is involved in the operation of hotels and limousines. The Others segment is engaged in the business other than what are not included in the above content such as the provision of laundry service of in-flight goods.
260, Haneul-gil, Gangseo-gu
Yang Ho Cho
Chairman of the Board, Co-Chief Executive Officer
Won Tae Cho
President, Co-Chief Executive Officer, Director
Gi Hong Woo
Co-Chief Executive Officer, Director
Su Geun Lee
Byeong Taek Cho
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South Korea's activist fund KCGI, the second-largest shareholder in the parent company of Korean Air Lines Co Ltd <003490.KS>, said it was looking to buy a controlling stake in Asiana Airlines <020560.KS>, helping send shares of the carrier up 26%.
* S.Korea's No.2 airline up for sale, initial bids on Sept. 3
Korean Air Lines <003490.KS>, the country's top carrier, said on Monday it will suspend flights between the South Korean city of Busan and Japan's Sapporo from Sept. 3, due to lean demand amid a worsening diplomatic and economic row between the two nations.
Korean Air Lines will suspend its flights between the South Korean city of Busan and Japan's Sapporo from Sept. 3 because of falling demand as a result of a diplomatic row between the two countries, a spokesman said on Monday.
(This June 19 story corrects to fix types of aircraft being purchased and leased in paragraph 2)
Delta Air Lines bought a small stake in Korean Air Lines Co's parent company and said it wants to increase it to 10%, giving a boost to the management of South Korea's top carrier that seeks to thwart a local activist fund's challenge.
* HOLDS A 5.01% STAKE OR 4,748,982 SHARES IN KOREAN AIR LINES Source text for Eikon: https://tinyurl.com/y37qk4kp Further company coverage:
Delta Air Lines said on Thursday it has acquired 4.3% stake in Korean Air Lines Co Ltd's parent company Hanjin Kal Corp.
South Korea said on Wednesday it had proposed a joint fund with Japan to compensate South Koreans forced to work by Japanese companies during World War Two, but Japan rejected the idea out of hand.
South Korea's biggest carrier Korean Air Lines said on Wednesday it has signed a memorandum of understanding to buy 30 Boeing planes for $9.67 billion.
Korean Air has provisionally ordered 20 Boeing Co 787 Dreamliner passenger jets and agreed to lease another 10, the companies said on Tuesday, giving the world's largest planemaker a needed boost after a subdued start to the Paris Airshow.
Boeing Co said on Tuesday Korean Air had committed to buying 20 of its 787 Dreamliners.
Korean Air Lines Co Ltd's chief executive on Monday said ownership discussions are ongoing with family members after their patriarch's sudden death in April raised questions about the future of the airline and parent Hanjin Group.
The CEO of Korean Air said on Monday that discussions about the company with his family members are ongoing, after the sudden death of the airline's patriarch in April.
* Hanjin Group appoints only son of late chief Cho Yang-ho as new chairman
Korean Air patriarch, chairman and CEO Cho Yang-ho died of a chronic illness on Monday, weeks after shareholders ended his 27-year tenure on the board of the country's biggest carrier due to perceived leadership failings.
Korean Air Lines said on Sunday it has stopped serving peanuts as snacks to customers in response to a recent incident when two teenage brothers were unable to board a flight because of a peanut allergy.
Korean Air Lines Co Ltd shareholders removed chief executive Cho Yang-ho from its board in a landmark vote on Wednesday, making him the first founding family member of any South Korean corporate giant to be forced off a board.
Korean Air Lines Co Ltd shareholders voted on Wednesday against the airline's proposal to extend CEO Cho Yang-ho's term as director for three years, ending his 27-year tenure on the airline's board.
* Shareholders to hold vote on Wednesday (Adds Korean Air statement, bullets)
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.