Korean Air’s 2018 freighter fleet reductions buoy yields amid market weakness in 1H19

Korean Air reported 1H19 cargo traffic down 10.7% year-over-year, to 3.6 billion FTKs on headwinds from the US-China trade war. A precipitous drop in yields or load factors was avoided by capacity reductions, including the removal of two 747-400Fs from its freighter fleet in 3Q18, which led to a 2.8% y-o-y drop in cargo capacity […]

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