Name: Korean Air enters emergency mode as jet fuel costs surge
Uploaded: 2026-03-31T11:42:45.524Z
Duration: 2 min 5 s
Description: Korean Air is adopting emergency cost-cutting measures in response to skyrocketing fuel prices. They and other domestic airlines have requested the South Korean government to cancel jet fuel exports to countries like Australia.

Korean Air is adopting emergency cost-cutting measures in response to skyrocketing fuel prices. They and other domestic airlines have requested the South Korean government to cancel jet fuel exports to countries like Australia.

Seoul

Korean Air has announced it will enter emergency management mode from April to address the impact of rising aviation fuel costs. Alongside another South Korean airline, the company plans to implement cost-cutting measures as jet fuel prices continue to climb. 

The situation is affecting fuel supplies in Australia, with South Korea and China being major suppliers. While Chinese jet fuel exports are currently secured until late April or early May, future supplies remain uncertain. In response to the ongoing fuel shortage, Australia will temporarily halve its fuel excise, though authorities caution that savings may take up to two weeks to reach consumers.

Korean Air enters emergency mode as jet fuel costs surge

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