Reported about 11 hours ago
Korean Air CEO Walter Cho warns of a potential revenue loss between $50 million to $100 million due to declining passenger volumes linked to ongoing tariffs and competition, particularly affecting trans-Pacific and European routes. Despite the challenges posed by the US-China trade war, Cho remains optimistic, planning to maintain American routes and continue significant fleet upgrades, including the introduction of Airbus A380 and Boeing 747 flights. He also notes the resilience of global travel demand and expresses his hope for a resolution to the trade tensions that could impact the airline's cargo operations.
Source: YAHOO