News / Change is in the air for Asia's airlines, but cargo seems to be flying

© Brad Calkins

Asia’s carriers face shifting paradigms: Korean Airlines’ third-quarter profits fell almost 90%, while Cathay Pacific has lost its Hang Seng indexing after reporting its worst half-year results in two decades.

Profits for the Korean flag-carrier between June and September plummeted from $455m (KRW511bn) to $55.2m ? and strong cargo revenues may have prevented an even more substantial decline.

Contrasting with declines in passenger markets, cargo revenues for the carrier were up across the board, with the Americas seeing a 23% surge to more than ...