• Home
  • News

    Airlines

    • Bellyhold Airline
    • Freighter Operator

    Airports

    Air Cargo Statistics

    Business

    • Acquisitions
    • Finance
    • TIACA
    • IATA
    • Legal

    Freight Forwarders

    Services

    • Ground Handlers
    • Charter Operator
    • ULD
    • Freighter Conversion/MRO
    • GSSA

    Technology

    • Airfreight Digitisation
    • Drones

    People

    Sectors

    • Animal Transportation
    • Aerospace Supply Chains
    • E-Commerce Logistics
    • Perishable Logistics
    • Pharma Logistics

    Sustainability

    Supply Chain

    Policy

    • Air Cargo Security

    Region

    • Africa
    • Asia
    • Australasia
    • Europe
    • Middle East
    • North America
    • South America

    Cool Chain

    Archive News

    News By Date

  • Magazine
  • Advertise
  • Reels
  • Subscribe
  • Newsletter
  • More
    • Jobs
      • Jobs
      • Post a Job
    • Events
No Result
View All Result
Cargo Newswire
  • Home
  • News

    Airlines

    • Bellyhold Airline
    • Freighter Operator

    Airports

    Air Cargo Statistics

    Business

    • Acquisitions
    • Finance
    • TIACA
    • IATA
    • Legal

    Freight Forwarders

    Services

    • Ground Handlers
    • Charter Operator
    • ULD
    • Freighter Conversion/MRO
    • GSSA

    Technology

    • Airfreight Digitisation
    • Drones

    People

    Sectors

    • Animal Transportation
    • Aerospace Supply Chains
    • E-Commerce Logistics
    • Perishable Logistics
    • Pharma Logistics

    Sustainability

    Supply Chain

    Policy

    • Air Cargo Security

    Region

    • Africa
    • Asia
    • Australasia
    • Europe
    • Middle East
    • North America
    • South America

    Cool Chain

    Archive News

    News By Date

  • Magazine
  • Advertise
  • Reels
  • Subscribe
  • Newsletter
  • More
    • Jobs
      • Jobs
      • Post a Job
    • Events
No Result
View All Result
Cargo Newswire

Korean Air’s tentative financial results for Q2 2022 (Non-consolidated)

August 29, 2022
in Business
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter

Related Post

Brookfield acquires air cargo GSSA powerhouse World Freight Company in $1.2 billion deal

DP World Secures IATA Certification for Panama Air Freight Operations, Strengthening Americas Cargo Network

LogiPharma 2026: tempmate and PAXAFE Forge AI-Driven Alliance to Advance Predictive Cold Chain Intelligence in Pharmaceutical Logistics

Kuehne+Nagel Airfreight Division Faces Revenue and Profit Pressure in Q1 Despite Stable Volumes

  • Korean Air achieved a revenue of KRW 3.3324 trillion (USD 2.5775 billion) and an operating profit of KRW 735.9 billion (USD 569.2 million) in the second fiscal quarter. Despite continued high oil prices and volatile exchange rates over the course of the second quarter, the airline’s gradual recovery in passenger demand and robust cargo demand led to improved results year-on-year.
  • Growing travel demand due to dropping COVID cases and borders reopening led the airline to post KRW 874.2 billion in passenger revenue in the second quarter, a 307% year-on-year increase.
  • Korean Air recorded a cargo revenue of KRW 2.1712 trillion, a 44% increase year-on-year. While the prolonged war in Ukraine and the lockdowns in China continued to disrupt the global logistics supply chain into Q2, the airline managed to maximize profit by actively transporting high-demand emergency relief supplies, automobile parts, semiconductors and electronics.
  • The airline expects passenger traffic to recover slower than originally forecasted in the second half of the year, as external factors such as the pandemic and oil prices linger. The airline seeks to gradually increase its passenger network capacity to 50% of pre-pandemic levels by September, and will continue to respond flexibly to demand.
  • With the resumption of passenger services following border reopenings, the airline expects to procure additional air cargo capacity through passenger fleet belly cargo space. The airline looks to maximize profit by utilizing scheduled passenger services; operating routes based on regional demand and capacity fluctuations; and through fleet optimization.
  • Despite intensified global inflation and economic contraction, Korean Air is committed to normalizing its passenger business and to maximizing its cargo business profit.
ShareTweetPin
Devender Grover

Devender Grover

Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.

Related Posts

Supply Chain

Semiconductor Boom and Middle East Disruptions Push Transpacific Air Cargo Capacity to Near Maximum Levels

by Devender Grover
June 19, 2026
Supply Chain

GWC Group Establishes Air-to-Land Logistics Corridor from Hamad International Airport to Strengthen GCC Supply Chains

by Devender Grover
June 18, 2026
Supply Chain

Air Cargo Industry Cautiously Optimistic as US–Iran Peace Deal Signals Relief for Global Supply Chains

by Devender Grover
June 11, 2026

SMC Accelerates New Manila International Airport Development, Targets Earlier Runway Completion

June 23, 2026

Liège to Welcome Global Air Cargo and E-Commerce Leaders at EU Cross-Border E-Commerce Forum 2026

Air Cargo Capacity Growth Fails to Ease Market Pressure as Asia-Pacific Demand Remains Strong, Says DHL Global Forwarding

Reliable Robotics Advances Autonomous Regional Air Cargo Future Through FAA Pilot Program

Bridges Air Cargo Expands E190F Fleet as Second Embraer Freighter Enters Commercial Service

WFS awarded 5-year contract by GEODIS in Brussels for Freight Forwarder Handling services 

Tags

Airbus Air Cargo Aircargo Air Cargo News Air Freight Airfreight Airlines Atlas Air Aviation Aviation Industry aviation logistics AviationLogistics Aviation News AviationNews Boeing cargo industry news Cargo International News cargo operations Covid 19 DHL dnata E-commerce e-commerce Logistics Emirates SkyCargo Etihad Cargo Europe Freighter Freight Forwarding Global Logistics global trade IAG Cargo IATA Logistics Logistics News Lufthansa Cargo Pharmaceutical Logistics Qatar Airways Qatar Airways Cargo Supply chain Sustainability Swissport Technology TIACA Turkish Cargo WFS
  • Home
  • About us
  • Magazine
  • Subscribe
  • Reels
  • Events
  • Advertise
  • Careers
  • Contact us
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Copyright © 2025 Profiles Media Network Pvt Ltd. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Airlines
    • Airports
    • Associations
    • Business
    • Freight Forwarders
    • People
    • Cargo Handling
    • Sectors
    • Services
    • Technology
    • News By Date
  • Reels
  • Magazine
  • Archive News
  • Subscribe
  • Newsletter
  • Advertise
  • Jobs
  • Events

Copyright © [2024] Profiles Media Network Pvt Ltd All Rights Reserved. Build with ❤️ by Onairdigital

Our website uses cookies. We use cookies and similar technologies to personalise content, to provide you with relevant marketing, to enhance your user experience and to gain insight and track how you interact with us and our partners. Learn more in our Privacy Policy and Cookie Policy.