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Korean Air CEO warns US trade war is causing a significant drop in passengers and could cost up to $100M.
Korean Air CEO Walter Cho warns that the ongoing US trade war is hurting the airline, leading to a 5% drop in trans-Pacific and European route passengers, potentially costing $50 million to $100 million annually.
Despite challenges, Cho remains optimistic and plans to keep all US routes, including adding Airbus A380 and Boeing 747 flights.
The trade war could also affect the airline's cargo business, which makes up 40% of its operations.
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