Korean Air Cargo enjoys first-quarter boost

© Volodymyr Kyrylyuk

Korean Air has announced its first-quarter results, which show that freight tonne kilometres increased 7.9%, year-on-year, with a particularly pleasant 11.5% bump in February. Load factors rose 3.4 percentage points, while yield in US cents rose 10.6% to ¢24.8. Capacity, in available freight tonne km rose 3.2%. Cargo accounted for 22.8% of the carrier’s total revenues, up from 20% a year ago. The carrier’s total net income for the quarter was KRW559bn ($499m).

Revenues for the Americas accounted for 40% of ...