February 4，According to foreign media reports，Korean Air announced，Its operating profit in 2020 is 238.3 billion won (approximately 1.3 billion yuan)，Sales in 2020 are 7405 trillion won。

Keehong Woo, President of Korean Air, praised the company’s employees: “All Korean Air employees are committed to working together to overcome the crisis。2020 is a profitable year，This is not a miracle，This is all thanks to the efforts and sacrifices of our employees。”

This is indeed the case，Because since April 2020，Most passenger flights suspended，Korean Air employees have taken voluntary leave。For airline employees，This is a difficult time。Nevertheless，Korean 188bet app company says，It has substantial support from trade unions，The union is willing to cooperate with the company，Overcoming these unprecedented challenges。Mid stage of epidemic，Only 30% of Korean Air’s approximately 20,000 employees are working，The rest of the employees are taking turns on vacation。

Cargo business is Korean Air’s biggest highlight。2020，Freight sales increased 66% year-on-year，to 4.3 trillion won，Passenger sales fell 74%。The airline said in a statement，Airlines’ strategies to increase freighter operating rates and use idle passenger planes for cargo transportation supported cargo sales。Korean Air said，It fully utilizes its fleet of 23 cargo aircraft，Compared to 2019，Its operating rate increased by approximately 25%。The airline also uses idle passenger aircraft for cargo，Operated over 4500 cargo flights with non-cargo aircraft。

Report: “Increased demand for COVID-19 diagnostic kits and auto parts，Part of the sea freight demand has been transferred to air freight，Driving growth in air cargo sales。”The 188bet Online Sports Betting and Casino fourth quarter coincides with electronic product launches and Christmas，It’s the peak season for air freight，Due to capacity constraints and the start of vaccine shipments，Strong increase in shipping costs。Data display from data provider CLIVEdataServices，Due to tight transportation capacity，Air freight demand and freight rates remained exceptionally strong in January。

A spokesman said Thursday，The Korean Air acquisition of Asiana Airlines announced last year is in progress，Currently awaiting approval from antitrust authorities。Korean Air said this move will "stabilize the Korean aviation industry affected by the epidemic，Ensuring sustainable growth of the domestic aviation market”。However，It expects continued pressure in the future，And will continue to focus on self-rescue efforts to ensure financial stability。

Korean Air pointed out，Although the freight market remains strong，But passenger demand is not expected to recover quickly。Therefore，The company plans to maintain current passenger capacity until the end of 2021，188bet app And predict that the market will see a meaningful recovery by then。

188bet app Source: Civil Aviation Resources Network，Author: Star，Original title: "In the global loss environment, another airline achieved profitability in 2020》.