Air Transport World

Korean Air: koreanair.com.(Asia/Pacific)

Surging fuel prices and a four-day pilot strike in December that cost an estimated $183 million helped to push Korean Air's net profit for 2005 down 61% to KRW202.3 billion ($205.6 million) on a 5% gain in revenues to KRW7.58 trillion. However, ATW's Phoenix Award winner for 2006 rebounded sharply to post earnings of KRW127 billion in the 2006 first quarter, up from KRW59 billion in the year-ago period.

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At the end of April, the network comprised 14 domestic and 78 international cities in 30 countries. With limited domestic growth opportunities, particularly since the opening of a high-speed train connecting the main business centers of Seoul and Busan, expansion primarily is focused on China and the transpacific. …

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