News / Cargo unit sale agreement takes Korean Air closer to Asiana takeover

An Asiana Cargo 747F © Kova1ev

Surging Q2 revenue has buoyed Korean Air, and it now seems its lengthy pursuit of Asiana Airlines may be coming to fruition, the conditional divestment of that airline’s cargo unit seemingly settled.

Reporting its quarterly financials yesterday, South Korea’s flag-carrier said cargo revenue had shot up 13.8% year on year to a little under KRW1.1bn ($797m), pointing to e-commerce and “shipping replacement” demand as key drivers.

Korean said: “Revenue increases were driven by e-commerce volumes from ...