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“The THAAD crisis is expected to continue for some time,” he said at a tourism industry meeting. “We have already reduced sizeable number of flights to China but are considering a further reduction in case of a prolonged situation.” The CEO, however, downplayed any significant business impact from the flight cuts, citing the small portion of its Chinese sales. Last year, sales from the Chinese routes made up 13 percent of Korean Air’s total revenue, as against its crosstown rival Asiana Airlines’ 21.4 percent. Read Original Article |
