Korean Air braces for turbulence as cargo rates sink

End of capacity squeeze set to weigh on profits in 2023

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A focus on cargo allowed Korean Air Lines to reap record profits amid the pandemic. (Photo by Ahn Seong-bok)

KOTARO HOSOKAWA, Nikkei staff writer

SEOUL -- While other carriers enjoy a long-awaited rebound, Korean Air Lines is expected to see profits descend from their pandemic-era highs as the industry's recent expansion of passenger flights works against the company's cargo-focused strategy.

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