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SEOUL (Reuters) - Korean Air Lines (KS:003490) will suspend its flights between the South Korean city of Busan and Japan's Sapporo from Sept. 3 because of falling demand amid a worsening diplomatic and economic row between the two neighbours.
Last month, Japan tightened controls of exports of high-tech materials to South Korea, in apparent retaliation for a South Korean court ruling over wartime forced labour. Such disputes have prompted a widespread boycott of Japanese products and services, from beer to clothes and travel in South Korea.
Korean Air, South Korea's top carrier, is also considering cutting the number of flights between the two countries or shifting to smaller aircraft from mid-August, a spokesman said.
Koreans were the second-biggest travellers to Japan only after China, accounting for 24.2% of visits last year, according to data from Japan National Tourism Organisation.
LONDON (Reuters) - Low-cost carrier easyJet (LON:EZJ) is to cancel more than 200 flights over the next 10 days due to airport delays and other restrictions, disrupting travel...
BERLIN (Reuters) - Germany's main engineering industry association has scrapped its 2022 production forecast, saying even a reduced estimate it made in March would no longer be...
It seems there is at least one epic disaster in the markets just about every day, with one or more issues falling 10% or more. Assuming that role on Friday was Worday Inc. (NASDAQ:...
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