Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Korea, republic of
  4. Korea Stock Exchange
  5. Korean Air Lines Co., Ltd.
  6. News
  7. Summary
    A003490   KR7003490000

KOREAN AIR LINES CO., LTD.

(A003490)
  Report
End-of-day quote Korea Stock Exchange  -  2022-09-22
24100.00 KRW   -5.68%
09/23Korean Air Lines Files for Singapore Listing of $300 Million Bonds Due 2025
MT
09/13South Korean Stocks Jump Amid Easing US Inflation Hopes; Korean Air Adds 4% Amid US Route Share Talks with Rivals
MT
09/13Korean Air Talks to Several Southeast Asian airlines to Share Incheon-Los Angeles Route
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Air traffic around Taiwan returning to normal despite new Chinese drills

08/08/2022 | 02:58am EDT
Handout of Chinese PLA Eastern Theatre Command drill

(Reuters) - Air traffic around Taiwan is gradually returning to normal after airspace surrounding the island reopened, Taiwan's Ministry of Transportation and Communications said on Monday, although China later announced fresh military drills in the area.

China last week deployed scores of planes and fired live missiles near during military exercises sparked by U.S. House of Representatives Speaker Nancy Pelosi's visit to Taiwan.

The drills led some airlines to cancel flights to Taipei and to alter flight paths between Southeast Asia and Northeast Asia to avoid the affected area.

Beijing-issued notices to airmen (NOTAM) had declared temporary danger areas for airlines to avoid during the exercises that encircled much of Taiwan. The final NOTAM covering a section of airspace east of the island expired on Monday at 0200 GMT and was not extended.

China's military announced fresh drills in the seas and airspace around Taiwan on Monday, but no specific location was provided, no new NOTAM was issued and there were no signs on flight tracking service FlightRadar24 of airlines adjusting routings.

Taiwan's transportation ministry earlier said most scheduled flights to and from the island had continued to operate during the Chinese military exercises that began on Aug. 4, averaging around 150 departures and arrivals per day.

The number of flights transiting through the airspace its controllers manage is gradually returning to normal after the final NOTAM was lifted, the ministry added in the statement on its website.

Some foreign airlines that typically used the airspace had instead flown alternative routes through areas managed by Japan and the Philippines during the drills, the ministry said last week.

Korean Air Lines Co Ltd, which had cancelled flights to Taipei on Friday and Saturday and rerouted others to avoid the affected area, said on Monday that it had resumed normal flight operations.

Philippine Airlines said it would return its flights to and from Taipei to their normal routings after using alternative flight paths during the last four days of drills.

There was no immediate response from the airlines after the new Chinese announcement.

Temporary airspace closures and route changes during major military exercises occur regularly around the world.

This situation was unusual in that China's exercises bisect Taiwan's claimed 12 nautical miles (22 kilometres) of territorial waters - something Taiwanese officials say challenges the international order and amounted to imposing a blockade of its sea and airspace.

(Reporting by Jamie Freed in Sydney and Donny Kwok in Hong Kong; additional reporting by Ben Blanchard in London, Heekyong Yang in Seoul and Neil Jerome Morales in Manila; Editing by Raju Gopalakrishnan)

By Jamie Freed and Donny Kwok


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
KOREAN AIR LINES CO., LTD. -5.68% 24100 End-of-day quote.-17.89%
MSCI TAIWAN (STRD) -1.58% 487.575 Real-time Quote.-33.25%
All news about KOREAN AIR LINES CO., LTD.
09/23Korean Air Lines Files for Singapore Listing of $300 Million Bonds Due 2025
MT
09/13South Korean Stocks Jump Amid Easing US Inflation Hopes; Korean Air Adds 4% Amid US Rou..
MT
09/13Korean Air Talks to Several Southeast Asian airlines to Share Incheon-Los Angeles Route
MT
09/05South Korea braces for 'very strong' typhoon, businesses curb operations
RE
09/04South Korea braces for 'very strong' typhoon, businesses curb operations
RE
09/04Typhoon warnings issued in S.Korea; businesses to halt operations
RE
09/01Korean Air's proposed acquisition of Asiana not opposed
AQ
08/31S.Korean shares end higher on chipmakers' gains, foreign inflows; won jumps
RE
08/12Korean Air Lines Co., Ltd. Reports Earnings Results for the Second Quarter and Six Mont..
CI
08/11Korean Air to resume flights to Israel in January - Israel Tourism Ministry
RE
More news
Financials
Sales 2022 13 502 B 9,52 B 9,52 B
Net income 2022 1 553 B 1,10 B 1,10 B
Net Debt 2022 6 634 B 4,68 B 4,68 B
P/E ratio 2022 5,59x
Yield 2022 0,41%
Capitalization 8 906 B 6 281 M 6 281 M
EV / Sales 2022 1,15x
EV / Sales 2023 0,98x
Nbr of Employees -
Free-Float 64,7%
Chart KOREAN AIR LINES CO., LTD.
Duration : Period :
Korean Air Lines Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KOREAN AIR LINES CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 24 100,00 KRW
Average target price 37 000,00 KRW
Spread / Average Target 53,5%
EPS Revisions
Managers and Directors
Won-Tae Cho President, Co-Chief Executive Officer & Director
Gi-Hong Woo Co-CEO, Director & Head-Strategy Management
Eun-Yong Ha Senior Managing Director & Head-Finance
Soo-Geun Lee Director & Vice President-Technology
Jae-Il Kim Independent Director
Sector and Competitors