South Korean Airlines Find Greater Profit on Regional Routes as Long-Haul Falters
South Korean carriers, including Korean Air and Asiana, are experiencing better financial performance on short-haul regional routes than on their long-haul networks. Strong passenger demand for travel to Japan and Southeast Asia is driving this trend, bolstered by factors like the weak Japanese yen. Conversely, routes to the US and Europe are facing challenges from declining cargo demand and increased competition, which has suppressed airfares. This shift has resulted in a notable decrease in operating profits for the airlines compared to the previous year. The data suggests that for now, profitability lies closer to home for these major Asian carriers.
Official Source: https://theloadstar.com/regional-routes-serve-south-korean-carriers-better-than-long-haul/
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