ID :
56541
Tue, 04/21/2009 - 08:20
Auther :
Shortlink :
https://www.oananews.org//node/56541
The shortlink copeid
Korean Air to increase airfares to U.S., Europe by 10 pct
SEOUL, April 21 (Yonhap) -- Korean Air Lines Co., South Korea's biggest carrier, said Tuesday it plans to increase ticket prices for flights to the United States and Europe by as much as 10 percent.
Korean Air has submitted the plan to the Ministry of Land, Transport and Maritime
Affairs, which oversees the airline industry, to hike the airfares, a company
official said.
"Airfares for international flights have been frozen since December 2006," said
the Korean Air official.
The official said Korean Air has to increase the ticket prices because it can't
apply a fuel surcharge on flights as fuel prices have declined. It wasn't
immediately known when Korean Air would hike the airfares.
Until the final quarter of 2008, Korean Air reported a fifth consecutive
quarterly loss as the global economic
Korean Air has submitted the plan to the Ministry of Land, Transport and Maritime
Affairs, which oversees the airline industry, to hike the airfares, a company
official said.
"Airfares for international flights have been frozen since December 2006," said
the Korean Air official.
The official said Korean Air has to increase the ticket prices because it can't
apply a fuel surcharge on flights as fuel prices have declined. It wasn't
immediately known when Korean Air would hike the airfares.
Until the final quarter of 2008, Korean Air reported a fifth consecutive
quarterly loss as the global economic
