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Korean Air estimates up to $344mn Hanjin-related losses

  Bloomberg Korean Air Lines Co. estimated losses on its investments in Hanjin Shipping Co., which applied for court receivership, at more than a third of projected operating income for this year. Losses on loans and an equity stake in the container shipping line will be as much as 383.3 billion won ($344 million), Korean Air Lines said in a ...

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China airlines plan stricter cost control on weaker yuan

  Bloomberg Airlines in China, the world’s second-biggest aviation market, plan to exercise stricter control over their costs and debt structures as part of measures to cope with a weaker yuan and stiffer competition. China Eastern Airlines Corp. will strengthen research on oil prices and exchange rates, the carrier said, a day after China Southern Airlines Co. said it will ...

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American delays target to integrate US Airways flight attendants

  Bloomberg American Airlines Group Inc. delayed one of the last major steps in fully blending its operations with those of merger partner US Airways, saying the work is more complex than originally expected. The Fort Worth, Texas-based airline doesn’t have a new target date for integrating operations for its flight attendants, which had been set for spring of 2017, ...

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