Korean Air has announced that international passenger flight fares will increase by up to 10 percent come July in order to minimise the impact of rising costs and falling revenue.
Prices for routes to the United States will rise by 10 percent and prices for those to Australia and New Zealand by five percent, the Korean national carrier said on Friday.
In addition, flights to European countries except Italy, the Netherlands, Austria, the Czech Republic and Russia will see an extra five percent in price for business and prestige class passengers.
The price hike, which had initially been scheduled to start this month, was delayed by a worsening economic slump and the onset of the H1N1 flu outbreak.
For more on Korean Air, visit www.koreanair.com