![]() ![]() On March 21, Korea lifted the mandatory quarantine for fully vaccinated travelers, and with other Asian borders opening, passenger demand has since recovered substantially. ![]() The airline said that passenger demand remained sluggish due to the spread of the COVID-19 Omicron variant. ![]() Driving cargo revenue is a fleet of 31 aircraft, consisting of six Airbus A330-300, four Boeing B757-400(ERF), seven Boeing B747-8F, twelve Boeing B777-200F, and two Boeing B777-300(ER) aircraft. Passenger revenue for Q1 2022 was $288 million, a 128% increase from Q1 2021, while cargo was the driving force, with Q1 2022 revenue of $1.72 billion. The email might be buried in your inbox, so be sure to search for keywords like 'Flight Simulator X' or 'product key. Korean Air has been somewhat of a recovery beacon in Asia, having posted a full-year operating profit of $1.2 billion in 2021 and $201 million in 2020. Previously, the highest quarterly operating profit was KRW 704.4 billion ($559 million), recorded in Q4 2021. Korean Air opened 2022 with a solid first quarter, reporting revenues of KRW 2.81 trillion ($2.32 billion) and a record quarterly operating profit of KRW 788.4 billion ($651.1 million). ![]()
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