Korean Air sees a 5% revenue increase in Q3, fueled by strong travel demand recovery, despite challenges from rising operational costs. Korean Air achieved a revenue of $2.873 billion in its third fiscal quarter, a 5% year-on-year increase following the steady recovery of travel demand. However, the rise in fuel prices and increase in operation costs due to expanded aircraft operations led the airline to post a decreased operating profit of $387 million year-on-year.
The airline forecasts a continued increase in passenger demand in Q4 with goals to restore pre-COVID seat capacity levels. The airline will work to maximize profits by securing new demand and operating additional special flights.
In Q4, the airline expects increased air cargo demand from the year-end season despite growing global economic uncertainties caused by factors such as the U.S. Federal Reserve’s prolonged monetary tightening policies. In order to maximize revenue, the airline plans to further attract e-commerce and cater to seasonal demand.
On February 14, within the framework of the Sustainable Tourism Development Forum "Travel!", the session "The Far East is getting closer: ski tourism and active recreation" was held
The Yuri Bashmet Winter Arts Festival is held in Sochi annually for 18 years and combines various types in its program: theater, ballet, opera, as well as a wide genre range from academic and jazz music to rock, ethno and folklore
The social project "Snow Class", organized with the support of the company "Norilsk Nickel", has started in the "Bobrovy Log" fan park. The project provides a unique opportunity for Krasnoyarsk schoolchildren to master skiing and snowboarding