Apr 1, 2026 Dogeon Lim www.reuters.com Korean Air announced that it will enter an emergency management system starting in April as global oil prices continue to rise due to the Middle East conflict. The airline said the sharp increase in fuel costs is putting significant pressure on its financial plans for 2026. According to company officials, aviation fuel prices have increased far beyond earlier expectations, nearly doubling compared to initial forecasts. Because fuel expen

Mar 30, 2026 Doyoung Lim biz.chosun.com Major airlines are facing surging oil prices, and the strengthening dollar is a concern. This phenomenon is evident among low-cost carriers (LCCs), most of which have to manage additional earnings falling from unpredictable external uncertainties. Most LCCs reported operating losses last year on the prolonged devaluation of the Korean won against the dollar, leading them to raise ticket prices. Furthermore, most airlines are reducing fl