Korean Air loses $87 million in 2011, aims to turn it around in 2012

Korean Air Boeing 737-8Q8 WL HL8242 (msn 38824) BFI (Joe G. Walker), originally uploaded by Airliners Gallery.

Korean Air (Seoul) reported a net loss of $87 million in 2011. The swing to the red is blamed on higher fuel costs. The company is vowing to turn it around in 2012.

Read the full report from AFP: CLICK HERE

Korean Air Slide Show: CLICK HERE

Like this:

Like Loading...

This entry was posted in All, Korean Air and tagged Korean Air on January 31, 2012 by Bruce Drum.

About Bruce Drum

I have started the ultimate digital photo library of the fascinating world of airliners and airlines. The goal is to have the complete history of all airlines and the various aircraft operated. I have been photographing airplanes since 1965. Join us in this adventure.

View all posts by Bruce Drum →

← ANA’s third quarter net profit drops by 10%, pilots threaten a strike tomorrow Air New Zealand’s popular CEO Rob Fyfe to step down in December →

Email Address

Join 3,135 other subscribers

CrashPad411.com - CrashPads, Housing & Rentals

Proudly Serving 44,804 fellow in-flight crew members in 51 cities. With 4,097 temporary and short time, airline rentals, accomodations and CrashPad listings!
www.crashpad411.com

Airline News...

Emirates says it is only days away from restoring its full global network as airspace across the region continues to reopen. The airline has already rebuilt a large portion of its schedule a ...
The UAE’s activation of safe air corridors reflects a coordinated regional effort to restore controlled air traffic after several days of severe disruption. During a government media briefin ...
LOT Polish Airlines has begun introducing onboard Wi‑Fi across its long‑haul fleet, activating the service first on the pictured Boeing 787‑9 Dreamliner SP‑LSA and planning to equip two addi ...
American Airlines remains one of the most exposed major carriers because it still flies older A319s, 737‑800s, and 777‑200ERs—types that burn significantly more fuel per seat than the newer ...
Which U.S. airlines are most at risk with rising fuel costs? The escalating conflict involving Iran is now directly reshaping aviation across the Persian Gulf, creating one of the most unsta ...

Delta Air Lines is advancing its long-term fleet modernization strategy by exercising options for 34 additional Airbus A321neo aircraft, reinforcing the A321neo’s role as a pillar of Delta’s ...
Condor will relocate to the new Terminal 3 (T3) at Frankfurt Airport in summer 2027. The airline and airport operator Fraport AG announced the move today during a joint event held at Termina ...
The Middle East is undergoing a broad aviation shutdown as multiple countries close their airspace following Israeli–U.S. strikes on Iran and subsequent retaliatory activity. Several states— ...
Scoot’s decision to launch daily nonstop flights between Singapore and Tokyo Haneda represents a significant expansion of its Japan network and strengthens the Singapore Airlines Group’s pre ...
Airspace restrictions across the Middle East—centered on Iran’s FIR (Tehran OIIX)—remain in force, with regulators warning of heightened misidentification risk and unpredictable military act ...

American Airlines has formally moved to restore its long‑standing presence in Venezuela by applying for U.S. Department of Transportation approval to launch two routes from its primary Latin ...
Indonesia is moving ahead with a major restructuring of its state‑owned airline sector, with Citilink and Pelita Air set to be consolidated under a new Garuda Indonesia–led holding company i ...
Norwegian Group delivered the strongest financial performance in its history in 2025, posting a record operating profit (EBIT) of NOK 3.732 billion (about $355 million). Fourth‑quarter EBIT ...
Air Canada closed 2025 with strong financial momentum, reporting record fourth‑quarter operating revenues of $5.8 billion and $22.4 billion for the full year. The airline generated $918 mill ...
Avelo Airlines has relaunched service to Lakeland, FL (LAL) from Atlanta on February 12, 2026 with four weekly flights on Mondays, Thursdays, Fridays, and Sundays. In addition, Avelo is plan ...

"Footnotes of Airline Histories" Part 1 (A - I) - Interesting events and stories

Air Finland emerged from a small group of young Finnish pilots who wanted to build a leisure airline that reflected Finnish culture, language, and service standards. The idea began in late 2 ...
"Mariner 1" - Reborn as AirCal on April 6, 1981, the airline entered a turbulent period defined by deregulation, fare wars, and the economic recession of the early 1980s. The new owners inh ...
Air California emerged in the mid‑1960s from a simple regional need: Orange County businessmen wanted nonstop service between the growing suburban region and the San Francisco Bay Area, and ...
Air Berlin USA emerged from one of the most unusual political and regulatory environments in postwar aviation. After World War II, only the airlines of the four victorious Allied powers—the ...
AeroAmerica’s story began long before the airline itself existed, rooted in the entrepreneurial ambitions of Arthur Joël Eisenberg. In 1963 he founded Odyssey International Travel, a retai ...

Air Finland emerged from a small group of young Finnish pilots who wanted to build a leisure airline that reflected Finnish culture, language, and service standards. The idea began in late 2 ...
"Mariner 1" - Reborn as AirCal on April 6, 1981, the airline entered a turbulent period defined by deregulation, fare wars, and the economic recession of the early 1980s. The new owners inh ...
Air California emerged in the mid‑1960s from a simple regional need: Orange County businessmen wanted nonstop service between the growing suburban region and the San Francisco Bay Area, and ...
Air Berlin USA emerged from one of the most unusual political and regulatory environments in postwar aviation. After World War II, only the airlines of the four victorious Allied powers—the ...
AeroAmerica’s story began long before the airline itself existed, rooted in the entrepreneurial ambitions of Arthur Joël Eisenberg. In 1963 he founded Odyssey International Travel, a retai ...

"Footnotes of Airline Histories" Part 2 (J - Z) - Interesting events and stories

"Ierse Zee". KLM introduced the Douglas DC‑7C “Seven Seas” in 1957, selecting the type as its ultimate long‑range piston‑engine airliner and the final step before the jet age. The airline or ...
KLM introduced the Douglas DC‑3 into its fleet in 1936, becoming one of the earliest European operators of the type. The DC‑3 represented a major leap forward from the DC‑2, offering greater ...
KLM introduced the Douglas DC‑6 into its long‑haul fleet in 1948, selecting the type as a modern, pressurized successor to the DC‑4 and as a bridge toward the coming generation of interconti ...
KLM introduced the Convair 240 “Convairliner” into its postwar European fleet beginning in September 1948, selecting the type as a modern, pressurized successor to the Douglas DC‑3. The airl ...
De Vliegende Hollander is the Dutch name for The Flying Dutchman. KLM’s use of “De Vliegende Hollander” goes right back to the airline’s earliest years, and it became one of the most recogni ...

This Day in Airline History:

"Flagship Erie". American Airlines flight AA327 was a long multi‑stop transcontinental service operating from Providence, Rhode Island, to Tulsa, Oklahoma, with ten scheduled intermediate st ...
American Airlines flight AA6780 was a multi‑stop service from Buffalo to Newark with scheduled stops in Rochester and Syracuse. On January 22, 1952, the aircraft—a Convair 240‑0, registratio ...
KLM’s Douglas DC‑3 PH‑TCR was operating a scheduled service from Amsterdam to Stockholm with a stop in Copenhagen on January 26, 1947, when a preventable ground‑handling error led to one of ...
Ex Ryanair EI-CSW. Ethiopian Airlines flight ET409 was a scheduled overnight service from Beirut–Rafic Hariri International Airport to Addis Ababa on January 25, 2010, operated by the pictur ...
American Airlines’ inauguration of jet transcontinental service on January 25, 1959 marked a decisive turning point in U.S. commercial aviation. Flight AA2, operating from Los Angeles to New ...

Airline News...Top Stories

World Airline News Top Stories

Himalaya Jet has big plans - will it ever fly?
Chorus Aviation Provides Update Regarding Accident Involving Subsidiary Jazz Aviation LP
Austrian Airlines presents 3D Seatmap for the Boeing 777-200
Boeing unveils model to show best routes to zero carbon future
United Airlines' new livery teaser video: Out with the g(old), in with the blue
Lufthansa will paint six aircraft in its special 100th year livery
Southwest Airlines' N8963Q gets a new look for a TV show
Southwest Airlines unveils a new "Louisiana One" on N8977G
COVID and "business rehabilitation" trim the Thai fleet
Avianca Airlines renews its ‘Business Class’ experience in Europe and the Americas

Hot New Photos

Hot New Photos – The Top 100

Airliners Gallery - RSS

Hot New Photos – Top 100

1st A350: EgyptAir’s Airbus A350‑941 fleet marks a major step in its long‑haul modernization strategy, with deliveries beginning in early 2026 and continuing through 2029. The first aircraft ... March 21, 2026
Bruce Drum (AirlinersGallery.com)1st A350: EgyptAir’s Airbus A350‑941 fleet marks a major step in its long‑haul modernization strategy, with deliveries beginning in early 2026 and continuing through 2029. The first aircraft, the pictured SU‑GGE, had its first flight on January 22, 2026 and was delivered on February 9, 2026. It was followed by SU‑GGH (msn 776), […]
FlyTec is a new regional airline in Argentina that has begun positioning itself as a specialist operator for remote, high‑altitude, and industrial support flying—particularly for the country ... March 12, 2026
Bruce Drum (AirlinersGallery.com)FlyTec is a new regional airline in Argentina that has begun positioning itself as a specialist operator for remote, high‑altitude, and industrial support flying—particularly for the country’s mining sector. The airline entered the public spotlight on March 11, 2026, when it took delivery of its first de Havilland Canada DHC-8‑402, becoming the first […]
The A380 in the special "100 Years" livery March 8, 2026
Bruce Drum (AirlinersGallery.com)The A380 in the special "100 Years" livery
MNG Airlines' 2025 special "Go Green" livery March 6, 2026
Bruce Drum (AirlinersGallery.com)MNG Airlines' 2025 special "Go Green" livery
Royal Air Maroc’s CAF Africa Cup of Nations Morocco 2025 promotional markings on Boeing 737‑8 CN‑MAX were introduced in November 2025 as part of a nationwide effort to showcase Morocco’s rol ... March 6, 2026
Bruce Drum (AirlinersGallery.com)Royal Air Maroc’s CAF Africa Cup of Nations Morocco 2025 promotional markings on Boeing 737‑8 CN‑MAX were introduced in November 2025 as part of a nationwide effort to showcase Morocco’s role as host of the 2025 tournament and to project the event’s branding across the airline’s most visible international routes. The aircraft became […]
2026 special "28 by 28 - The next EU member" markings: Montenegro’s push toward European Union membership has become the central organizing principle of its foreign and domestic policy, and ... March 6, 2026
Bruce Drum (AirlinersGallery.com)2026 special "28 by 28 - The next EU member" markings: Montenegro’s push toward European Union membership has become the central organizing principle of its foreign and domestic policy, and by 2026 it stands as the most advanced EU‑candidate country in the Western Balkans. The accession process has reached its most demanding phase, […]
Rolled out on March 3, 2026 in the "100 Years" special livery March 4, 2026
Bruce Drum (AirlinersGallery.com)Rolled out on March 3, 2026 in the "100 Years" special livery
1955 "Super Star" retro livery: Lufthansa’s pictured Airbus A321‑231 D‑AISZ now wears this full 1955‑era “Super Star” retro livery, a design that recreates the look of the airline’s Lockheed ... March 3, 2026
Bruce Drum (AirlinersGallery.com)1955 "Super Star" retro livery: Lufthansa’s pictured Airbus A321‑231 D‑AISZ now wears this full 1955‑era “Super Star” retro livery, a design that recreates the look of the airline’s Lockheed 1649A "Super Star" Starliner fleet from the dawn of its long‑haul piston era. The aircraft was repainted at Norwich in early February 2026 and […]
Air Canada’s first Airbus A321XLR, officially an A321‑271NY, marks a major step in the airline’s long‑range narrowbody strategy. The aircraft, currently flying under the Airbus test registra ... February 28, 2026
Bruce Drum (AirlinersGallery.com)Air Canada’s first Airbus A321XLR, officially an A321‑271NY, marks a major step in the airline’s long‑range narrowbody strategy. The aircraft, currently flying under the Airbus test registration of the pictured D‑AVZG, completed its first flight from Hamburg‑Finkenwerder Airport, remaining airborne for more than three hours while test pilots evaluated systems and performance . […]
Hainan Airlines’ pictured 2025 Mixue (蜜雪冰城) special livery represents one of the carrier’s most eye‑catching brand collaborations to date, applied to two Boeing 737‑800s, including the pictu ... February 26, 2026
Bruce Drum (AirlinersGallery.com)Hainan Airlines’ pictured 2025 Mixue (蜜雪冰城) special livery represents one of the carrier’s most eye‑catching brand collaborations to date, applied to two Boeing 737‑800s, including the pictured B‑1131. The design promotes Hainan’s Mixue’s bright red and blue branding and its widely recognized snowman mascot, creating a playful, high‑visibility aircraft that immediately stands out. […]
In February 2026, American Airlines introduced this striking new special livery to celebrate its role as an official partner of the FIFA World Cup 26™, unveiling the design on the pictured B ... February 18, 2026
Bruce Drum (AirlinersGallery.com)In February 2026, American Airlines introduced this striking new special livery to celebrate its role as an official partner of the FIFA World Cup 26™, unveiling the design on the pictured Boeing 737‑823 registered as N844NN. The aircraft emerged in a vivid, high‑contrast paint scheme featuring bold red and blue elements, the official […]
Starlux Airlines’ first Airbus A350‑1000, the pictured B‑58551, marks a major milestone for both the airline and Taiwan’s aviation industry. Delivered in December 2025, the aircraft is the f ... February 15, 2026
Bruce Drum (AirlinersGallery.com)Starlux Airlines’ first Airbus A350‑1000, the pictured B‑58551, marks a major milestone for both the airline and Taiwan’s aviation industry. Delivered in December 2025, the aircraft is the first A350‑1000 to enter service with a Taiwanese carrier and debuts Starlux’s striking “Carbon Fiber” special livery, a design that highlights the A350’s composite structure […]
Lufthansa’s Airbus A350‑941 D‑AIXL became the latest aircraft to join the airline’s expanding 100 Years – 1926 | 2026 anniversary fleet when it arrived in Munich on February 12, 2026 followi ... February 14, 2026
Bruce Drum (AirlinersGallery.com)Lufthansa’s Airbus A350‑941 D‑AIXL became the latest aircraft to join the airline’s expanding 100 Years – 1926 | 2026 anniversary fleet when it arrived in Munich on February 12, 2026 following completion of its special‑livery paintwork in Châteauroux, France. The aircraft features the deep‑blue fuselage and oversized XXL crane emblem that define Lufthansa’s centennial branding, […]
"80 Years". Cathay Pacific marked the 80th anniversary of the Swire Group’s entry into aviation by applying a commemorative “80 Years” retro livery to this Boeing 747‑867F, registration B‑LJ ... February 12, 2026
Bruce Drum (AirlinersGallery.com)"80 Years". Cathay Pacific marked the 80th anniversary of the Swire Group’s entry into aviation by applying a commemorative “80 Years” retro livery to this Boeing 747‑867F, registration B‑LJE. The aircraft retained the retro 1971 Cathay Pacific livery but received a prominent “80” emblem on the rear fuselage, reflecting the airline group’s heritage […]
Former Silver Airways N409SV has joined the JSX for the Santa Monica operation and is painted in this special "Spirit of Santa Monica" livery. JSX restored scheduled passenger service to SMO ... February 10, 2026
Bruce Drum (AirlinersGallery.com)Former Silver Airways N409SV has joined the JSX for the Santa Monica operation and is painted in this special "Spirit of Santa Monica" livery. JSX restored scheduled passenger service to SMO with its new service to Las Vegas.
Spirit Airlines introduced its first‑ever holiday‑themed aircraft on December 18, 2025, unveiling a special‑edition “Holiday Sweater” livery on the pictured Airbus A320-232 registered as N62 ... February 10, 2026
Bruce Drum (AirlinersGallery.com)Spirit Airlines introduced its first‑ever holiday‑themed aircraft on December 18, 2025, unveiling a special‑edition “Holiday Sweater” livery on the pictured Airbus A320-232 registered as N628NK. The limited‑time design transforms the aircraft into a flying festive sweater, complete with stylized snowman and gingerbread‑man patterns woven across Spirit’s signature yellow fuselage. N628NK will operate throughout […]
American Airlines has begun rolling out its centennial celebration, marking 100 years since its first flight in 1926, when a Robertson Aircraft Corporation DH‑4 carried mail from Chicago to ... February 10, 2026
Bruce Drum (AirlinersGallery.com)American Airlines has begun rolling out its centennial celebration, marking 100 years since its first flight in 1926, when a Robertson Aircraft Corporation DH‑4 carried mail from Chicago to St. Louis. The first aircraft to debut the special centennial branding is Boeing 737‑800 N840NN, which entered service in the 100‑year livery on January […]
Hunnu Air has launched a new phase of fleet modernization with the introduction of the Embraer E195‑E2, becoming the first Mongolian carrier to operate Embraer’s latest‑generation regional j ... February 10, 2026
Bruce Drum (AirlinersGallery.com)Hunnu Air has launched a new phase of fleet modernization with the introduction of the Embraer E195‑E2, becoming the first Mongolian carrier to operate Embraer’s latest‑generation regional jet. The airline has two E195‑E2s on order, both Irish‑registered, marking a strategic move toward more efficient, longer‑range narrowbody aircraft to support domestic growth and regional […]
Easy Charter is a Georgian cargo airline headquartered at Tbilisi International Airport (TBS). The carrier was established in 2020 and commenced operations the same year, following the issua ... February 6, 2026
Bruce Drum (AirlinersGallery.com)Easy Charter is a Georgian cargo airline headquartered at Tbilisi International Airport (TBS). The carrier was established in 2020 and commenced operations the same year, following the issuance of its Air Operator Certificate (AOC). Its launch was marked by the arrival of its first aircraft—an Airbus A300B4 freighter, delivered in March 2020. The […]
Sunrise Airways of Haiti has deepened its partnership with Global Crossing Airlines (GlobalX) through a long‑term ACMI wet‑lease agreement that places two Airbus A320 aircraft—N291GX and N62 ... February 5, 2026
Bruce Drum (AirlinersGallery.com)Sunrise Airways of Haiti has deepened its partnership with Global Crossing Airlines (GlobalX) through a long‑term ACMI wet‑lease agreement that places two Airbus A320 aircraft—N291GX and N628VA— directly into Sunrise’s scheduled operations. Under this arrangement, GlobalX provides the aircraft, crews, maintenance, and insurance, giving Sunrise immediate narrowbody capacity to support its expanding “One […]