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Korean Air

This article is about South Korea's flag carrier, Korean Air. For other airlines based in South Korea, see list of airlines of South Korea.

Korean Air Lines Co., Ltd.
주식회사 대한항공
Jusikhoesa Daehan Hanggong
IATA ICAO Call sign
KE KAL KOREAN AIR[1]
FoundedJune 1962; 62 years ago (1962-06)
Commenced operations1 March 1969; 55 years ago (1969-03-01)
Hubs
Focus cities
Frequent-flyer programSKYPASS
Alliance
Subsidiaries
Fleet size167[3]
Destinations108[4]
Parent companyHanjin Group
Traded asKRX: 003490
Headquarters260 Haneul-gil, Gangseo District, Seoul, South Korea
Key peopleWalter Cho (Chairman & CEO)
Woo Kee-Hong (President)
RevenueIncrease US$29,760 million (2023)
Operating incomeIncrease US$492,521 million (2023)
Net incomeIncrease US$88,876 million (2023)
Total assetsIncrease US$224,351 million (2023)
Employees20,000
Websitekoreanair.com
Notes
Financials As of 27 December 2023.
References:[5]
Korean name
Hangul
대한항공
Hanja
大韓航空
Revised RomanizationDaehan Hanggong
McCune–ReischauerTaehan Hanggong

Korean Air Lines Co., Ltd. (KAL; Korean: 주식회사 대한항공; RR: Jusikhoesa Daehan Hanggong, lit. 'Joint stock company [of] great Korean aviation') is the flag carrier of South Korea and its largest airline based on fleet size, international destinations, and international flights. It is owned by the Hanjin Group.

The present-day Korean Air traces its history to March 1, 1969, when the Hanjin group acquired government-owned Korean Air Lines, which had operated since June 1962.[6] Korean Air is a founding member of SkyTeam alliance and SkyTeam Cargo. As of 2024, it is one of the 10 airlines ranked 5-star airline by Skytrax,[7] and the top 20 airlines in the world in terms of passengers carried and is also one of the top-ranked international cargo airlines.

Korean Air's international passenger division and related subsidiary cargo division together serve 126 cities in 44 countries. Its domestic division serves 13 destinations. The airline's global headquarters is located in Seoul, South Korea. The airline had approximately 20,540 employees as of December 2014.[8]

The airline was, around 1999, known as "an industry pariah, notorious for fatal crashes" due to its poor safety record and a large number of incidents and accidents.[9] The airline's reputation has significantly improved by 2009 as it has focused investment on improving its safety record including by hiring consultants from Boeing and Delta Air Lines.[10]

In November 2020, it was announced that Korean Air would merge with competitor Asiana Airlines, but was switched to only acquire a major stake after the original merger plan was blocked by the United States Department of Justice for monopoly concerns, the acquisition was completed on December 12, 2024.[11][12]

  1. ^ "JO 7340.2J – Contractions – Including Change 1" (PDF). Federal Aviation Administration. October 10, 2019. pp. 3–1–53. Archived (PDF) from the original on February 14, 2021. Retrieved November 22, 2019.
  2. ^ "대한항공, 12일 아시아나 자회사로 편입" [Korean Air incorporated Asiana Airlines into subsidiary on the 12th] (in Korean). Segye News. December 12, 2024.
  3. ^ "Learn More About Us | Korean Air". Archived from the original on February 14, 2021. Retrieved January 20, 2021.
  4. ^ "Korean Air on ch-aviation.com". ch-aviation.com. Retrieved November 21, 2023.
  5. ^ "Investor Relations - Financial Report". Korean Air. December 27, 2023.
  6. ^ 대한항공(A003490), 지분분석, 기업정보, Company Guide (in Korean). Archived from the original on February 14, 2021. Retrieved September 1, 2020.
  7. ^ "Airlines Archive - Page 1". Skytrax. Retrieved May 25, 2024.
  8. ^ "Who We Are – Korean Air". Korean Air. Archived from the original on February 14, 2021. Retrieved June 14, 2016.
  9. ^ Carley, William M.; Pasztor, Andy (July 7, 1999). "Korean Air Tries to Fix A Dismal Safety Record". Wall Street Journal. ISSN 0099-9660. Retrieved October 24, 2022.
  10. ^ Yu, Roger (August 26, 2009). "Korean Air upgrades service, image". USA Today. Archived from the original on February 14, 2021. Retrieved September 16, 2009.
  11. ^ Bovenizer, Noah (February 14, 2024). "EU is latest authority to grant approval for Korean Air's Asiana merger". Airport Technology. Retrieved May 25, 2024.
  12. ^ "U.S. to give final approval on Asiana merger: Korean Air president". Korea JoongAng Daily. May 20, 2024. Retrieved May 25, 2024.
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