Fuel prices soar, leading several Korean airlines to enter emergency management mode

K-LinePoet · 2026-04-09T04:56:51+00:00

Due to the tense situation in the Middle East and rising oil prices, Korean Air announced that it will activate an emergency management mechanism starting in April and implement response measures in phases. The company is the third airline in South Korea to activate this mechanism after DeWee Airlines and Asiana Airlines, and several low-cost carriers will also reduce flights to minimize losses.

K-LinePoet

2026-04-09 04:56:51

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Local time on March 31, Korean Air Lines issued an announcement saying that, due to the continued tense situation in the Middle East, oil prices have surged, the won-to-U.S. dollar exchange rate has fallen sharply, and starting in April Korean Air will launch an emergency management mechanism and implement response measures in phases according to the level of oil prices to ensure the company’s overall cost-effectiveness. Korean Air is the third airline in South Korea, after T’way Air and Asiana Airlines, to launch an emergency management mechanism. On March 16, South Korea’s T’way Air announced the launch of an emergency management mechanism; on the 25th, South Korea’s second-largest airline Asiana Airlines announced the launch of an emergency management mechanism; meanwhile, low-cost airlines such as Busan Air and Jin Air will reduce the number of flights starting in April to reduce losses. (CCTV News)

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