Korean Air, the fifth-largest cargo shipping airline, on Wednesday said cargo revenue in the second quarter plunged 56% to $748.8 million, further illustrating how a weak freight market has impacted Asian carriers more than others.
Korean Air has a fleet of 155 aircraft, including 23 widebody freighters (Boeing 747s and 777s).
A strong recovery in travel demand helped boost total revenue to $2.7 billion, but the company said cargo business was negatively impacted by the decline in shipping demand...
https://www.freightwaves.com/news/cargo-downturn-hurts-asian-carriers-more-than-global-competitors