{"id":105829,"date":"2021-02-04T15:52:44","date_gmt":"2021-02-04T15:52:44","guid":{"rendered":"https:\/?p=105829"},"modified":"2021-02-04T16:15:56","modified_gmt":"2021-02-04T16:15:56","slug":"korean-air-posts-2020-profit-on-cargo-transport","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2021\/02\/korean-air-posts-2020-profit-on-cargo-transport.html","title":{"rendered":"Korean Air posts 2020 profit on cargo transport."},"content":{"rendered":"\n

Korean Air Lines <\/strong>reported Thursday that it posted a consolidated operating profit of 109 billion won ($97.55 million) in 2020, thanks to cargo that helped offset a drop in passenger travel due to coronavirus restrictions.<\/p>\n\n\n\n

See also: <\/em><\/strong>Japan Airlines lost 1,676 million euros between April and December.<\/em><\/a><\/p>\n\n\n\n

While South Korea’s largest airline managed to avoid an annual loss in 2020, operating profit fell 58% from 257 billion won in 2019, the carrier said in a statement.<\/p>\n\n\n\n

See also: <\/em><\/strong>Air travel plummets 66% in 2020, the largest drop in aviation history.<\/em><\/a><\/p>\n\n\n\n

Cargo sales soared 66% to 4.3 trillion won in 2020 from a year earlier, while passenger sales plunged 74%. Cargo sales were supported by the airline’s strategy of increasing aircraft operating rate and using passenger aircraft for transport, Reuters <\/a>reviewed.<\/p>\n\n\n\n

Korean Air is one of the world’s largest cargo carriers and has benefited from strong demand at a time when the collapse in passenger traffic has reduced available transport space.<\/p>\n\n\n\n

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