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Founded | 1946 (as Korean National Airlines) | ||||||
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Hubs | |||||||
Focus cities | |||||||
Frequent-flyer program | SKYPASS | ||||||
Alliance | SkyTeam | ||||||
Subsidiaries | Jin Air | ||||||
Fleet size | 173 | ||||||
Destinations | 127 | ||||||
Company slogan | Excellence in Flight | ||||||
Parent company | Hanjin Group | ||||||
Headquarters | Gonghang-dong, Gangseo-gu, Seoul, South Korea | ||||||
Key people |
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Revenue | US$ 13.24 billion (2014) | ||||||
Operating income | US$ (25) million (2014) | ||||||
Net income | US$ (233) million (2014) | ||||||
Total assets | US$ 17.6 billion (2014) | ||||||
Total equity | US$ 21.6 billion (2014) | ||||||
Website | koreanair.com |
Korean name | |
Hangul | |
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Hanja | |
Revised Romanization | Daehan Hanggong |
McCune–Reischauer | Taehan Hanggong |
Korean Air Lines Co., Ltd. (Hangul: 대한항공; RR: Daehan Hanggong) (KRX: ), operating as Korean Air, is the largest airline and flag carrier of South Korea based on fleet size, international destinations and international flights. The airline's global headquarters are located in Seoul, Republic of Korea. Korean Air was founded as Korean National Airlines in 1946. After several years of service and expansion, the airline was fully privatized in 1969.
Korean Air's international passenger division and related subsidiary cargo division together serve 127 cities in 44 countries, while its domestic division serves 12 destinations. It is among the top 20 airlines in the world in terms of passengers carried and is also the top-ranked international cargo airline. Incheon International Airport serves as Korean Air's international hub. Korean Air also maintains a satellite headquarters campus at Incheon. The majority of Korean Air's pilots, ground staff, and flight attendants are based in Seoul.
Korean Air is the parent company of Jin Air and is a founding member of the SkyTeam airline alliance. Skyteam has since become the largest in the world, surpassing Star Alliance. It was voted Asia's best airline by Business Traveler readers in 2012.
Korean Air was founded by the South Korean government in 1962 as Korean Air Lines to replace Korean National Airlines, which was founded in 1946. On 1 March 1969, the Hanjin Transport Group took control of the airline. Long-haul freight operations were introduced on 26 April 1971, followed by passenger services to Los Angeles International Airport on 19 April 1972.