Korean Air to resume 11pc of flights idled by Covid-19
Korean Air Lines, South Korea's flagship air carrier, plans to resume operating about 11pc of overseas flights in June after suspending them because of Covid-19. South Korea's flagship carrier is taking its first step towards recovery from an industry collapse that has crippled jet fuel demand.
The move is effective 1 June and will restore services on 19 international routes, with 91 flights each week. Nearly 94pc of Korean Air's 900 weekly flights on 110 overseas routes are currently suspended. The first batch of restarts will lower that ratio to 84pc, as Korean Air will have 146 flights scheduled weekly on 32 overseas routes.
Routes that are reopening include Beijing, Frankfurt, Toronto, Washington and Seattle.
The flight restarts offer a glimmer of hope for Asia-Pacific refiners that have been battered by a plunge in jet fuel demand since route suspensions began in February. But Korean Air is not betting on a quick recovery. The airline has implemented a paid-leave programme that will sideline 70pc of its employees for the next six months. South Korea's largest refiner, SK Innovation, this week said it has minimised jet fuel output and is blending the product with low-sulphur fuel oil to help cope with the crisis.
By Tony Cox
source: Argus Media
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Glencore posts lower metals output for first nine months, reiterates outlook
Mercuria eyes equity in African assets, new metals boss says
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Traders see gold as a surefire bet as coin-toss election looms
Gold price surge adds glitter to tarnished miners
Environmentalists sue over US approval of ioneer’s Nevada lithium mine
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years