Korean Air Warns That Coronavirus Could Put It Out of Business


Skift Take

As far as warnings go, this is about as stark as you can get. For Korean Air Lines, its very survival really depends on how long the coronavirus crisis lasts.

Korean Air Lines warned on Monday that the coronavirus outbreak could threaten its survival after more than half of the world restricted passengers entering from South Korea. Woo Kee-hong, Korean Air's president, said more than 80% of South Korea's biggest carrier's international capacity had been cut as a result of travel restrictions globally, co