Korean Air reports growth across all business units
The airline operator saw its international passenger transport market share reach 16.8% in the first half of 2026.
The aviation company reported growth in all business segments during the second quarter of 2026. This performance occurred despite external uncertainties such as high oil prices and a prolonged conflict between the United States and Iran.
Passenger business gains were driven by increasing supply on high-demand routes to Japan and the United States. The company also attracted demand from passengers shifting away from Middle Eastern carriers and leveraged K-culture events, such as BTS performances, to draw overseas travelers.
Cargo operations focused on high-value demand, including AI-related items like semiconductors and server racks, as well as e-commerce volumes and K-beauty cosmetics. The company said that fuel surcharge revenue increased due to rising oil prices linked to geopolitical risks.
Market share data indicates that the company held a 16.8% share of international passenger transport and a 23.8% share of international cargo transport in the first half of 2026.
Regarding its corporate structure, the company had 28 consolidated subsidiaries as of the end of the first half of 2026. This total includes 20 domestic and 8 overseas companies. One entity, Asiana Staff Service, Inc, was removed from consolidation due to a merger.
For future operations, the company plans to expand in-flight Wi-Fi services. This rollout will begin at the time of introduction for B737-8, B787-10, and A321neo aircraft, while other models will be upgraded through modification work. The company also intends to extend this service to existing B787-9 and B777-300ER aircraft.
The company expects the third quarter of 2026 to be characterized by high volatility in the Middle East, which may lead to cost uncertainties regarding exchange rates and oil prices. It also anticipates a challenging cargo market due to the spread of protectionism, including EU policies on small-item tax exemptions and uncertain United States tariff measures.