Korean Air to shift to emergency mode in April amid rising oil prices from Iran war
Reuters March 31, 2026 02:38 PM
Synopsis

Korean Air is set to enter emergency management mode in April due to escalating oil prices, a consequence of the Middle East conflict. The airline anticipates significant disruption to its annual business targets if high oil prices continue. In response, it will implement phased measures and enhance company-wide cost efficiency to counteract surging fuel expenses.

Korean Air will enter emergency management mode from April as rising oil prices driven by the war ‌in ⁠the ⁠Middle East weigh on costs, a source with knowledge of the matter told Reuters on Tuesday.

The airline said in ⁠an internal ‌memo reviewed by Reuters that if high ⁠oil prices persist, it expects significant disruption to its annual business targets, and will shift to an emergency operating system from April.

The ‌memo added that the airline plans to implement phased response ⁠measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
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