Some rare positive news for the devastated global aviation industry. Korean Air reported a quarterly profit on strong cargo demand despite the Covid-19 outbreak. According to the company on Thursday, the country's biggest carrier beat earnings expectations posting an operating profit of 1-hundred-25-point-2 million U.S. dollars during the April to June period. Cargo sales climbed 95-percent from a year earlier to 1 billion dollars. Korean Air explained that converting its passenger jets into cargo planes helped offset a sharp decline in passenger travel demand amid virus fears. The company suspended most of its international flights since March as more than one-hundred-80 countries closed or restricted their borders.
