Local airlines, including top carrier Korean Air Lines Co Ltd and biggest budget airline Jeju Air Co Ltd, swung to losses in the second quarter due to weak travel demand and suspension of a series of flights between South Korea and Japan amid a worsening diplomatic and economic spat.
SEOUL: South Korea’s Eastar Jet has asked cabin crew members to take unpaid leaves as the budget carrier unveiled an emergency cost-cutting plan to help it keep flying amid mounting losses.
Local airlines, including top carrier Korean Air Lines Co Ltd and biggest budget airline Jeju Air Co Ltd, swung to losses in the second quarter due to weak travel demand and suspension of a series of flights between South Korea and Japan amid a worsening diplomatic and economic spat.
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