Korean Air CEO concerned over rising interest rates, inflation and competition

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

DOHA : Korean Air Lines Co Ltd's chief executive said on Monday that he is concerned that rising interest rates and inflation could impact consumer demand and that rising competition could lower ticket prices. The high U.S. dollar is 'painful' and makes debt costs higher, he added.

We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.Upgraded but still having issues?.

We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.Upgraded but still having issues?

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Korean YouTuber-turned-Ukraine fighter Rhee Ken under prosecution for violating passport lawYouTuber Rhee Ken, the former Korean Navy special forces officer who went to Ukraine in March to fight against the Russian invasion, is now under prosecution for passport law violation. Rhee, who previously served as a lieutenant in the Korean Navy’s Naval Special Warfare Flotilla, was sent to prosecution without detainment on June 15 by the International Crime Investigation Unit of the Seoul Metropolitan Police Agency. In Ukraine, Rhee joined the fight as a foreign volunteer soldier of the Homeland Defense Force International Brigade.
Source: YahooSG - 🏆 3. / 71 Read more »

'Steak the same size as the potato': Passenger recounts disappointing meal on $6,977 Korean Air business class flightA few potatoes, a credit card-sized steak, and a small pat of butter — that's what one dissatisfied passenger received on board a Korean Air business class flight recently. What's probably worse? The one-way flight cost 6.48 million won (S$6,977). A photo of the in-flight meal was posted on an online forum by the unnamed passenger, reported SBS News, with... Whatcha bitchin bout?
Source: asiaonecom - 🏆 10. / 59 Read more »

London Heathrow asks carriers to cut flights as air chaos reigns
Source: STForeignDesk - 🏆 4. / 71 Read more »

Greece to subsidise new fridges, air conditioners to cut energy billATHENS: Greece will offer households subsidies to help them replace their old fridges and air conditioners and cut down on soaring power bills, the government said on Monday (Jun 20). Like many other EU countries, Greece has been gripped by soaring energy costs, a trend which has been exacerbated following
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Air passengers to reach 83% of 2019 levels this year: IATAstraits_times Be careful with averages: on average, humans got one ball. Air passengers have already fully recovered in Europe or in the US. But it is shit in Asia.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Singapore banks revising home loan mortgage rates in line with US interest rate hike, sending letters to homeownersIn an effort to fight inflation and cool consumer spending, the US Federal Reserve has increased its interest rate by 75 basis points – its highest rate hike since 1994. This would set the Fed’s benchmark federal-funds rate – or in layman’s terms, the rate banks lend to each other – to between 1.5 per cent and 1.75 per cent....
Source: asiaonecom - 🏆 10. / 59 Read more »