In a New Year’s message to the Korean Air team, Korean Air Lines Co Ltd (Seoul: 003490) Chairman and CEO, Walter Cho, shared that he expected 2024 to be a big milestone for the aviation industry with various changes and innovations shaping the year. Cho emphasized safety and service, and asked his colleagues for their full support to successfully complete the acquisition of Asiana Airlines in 2024.
In his message, Cho anticipated geopolitical risks, global supply chain disruptions, economic slowdowns and prolonged inflation to persist through 2024. He also expected intensified industry competition in regaining market share, and a slowdown of the lucrative cargo business.
Cho further underscored that Korean Air’s operations hinges on commitment to safety, and encouraged his colleagues to take an active role in cultivating a strong safety culture.