Korean Air 2022 net nearly triples amid eased pandemic
Korean Air, Korea's biggest air carrier by sales, said Wednesday its net profit nearly tripled in 2022 from a year earlier as travel demand recovered amid eased COVID-19 virus curbs. The national flag carrier posted a net profit of 1.73t won ($1.4b) last year, up from 1.15t won the previous year, the company said. Late last year, travel demand began to recover, helped by eased travel restrictions in some countries. "The recovery of passenger travel demand and steady cargo deals contributed to boosting the bottom line," the statement said. In October, South Korea removed a COVID-19 polymerase chain reaction test requirement for inbound travelers on the first day of their arrival. Japan lifted the ban on the number of inbound passengers and resumed visa-free travel for visitors from specific countries, including South Korea, on Oct. 11.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2023-02-02/sky/korean-air-2022-net-nearly-triples-amid-eased-pandemic
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Korean Air 2022 net nearly triples amid eased pandemic
Korean Air, Korea's biggest air carrier by sales, said Wednesday its net profit nearly tripled in 2022 from a year earlier as travel demand recovered amid eased COVID-19 virus curbs. The national flag carrier posted a net profit of 1.73t won ($1.4b) last year, up from 1.15t won the previous year, the company said. Late last year, travel demand began to recover, helped by eased travel restrictions in some countries. "The recovery of passenger travel demand and steady cargo deals contributed to boosting the bottom line," the statement said. In October, South Korea removed a COVID-19 polymerase chain reaction test requirement for inbound travelers on the first day of their arrival. Japan lifted the ban on the number of inbound passengers and resumed visa-free travel for visitors from specific countries, including South Korea, on Oct. 11.<br/>
