Jung Sung-kwon, Asiana CEO, "Will Achieve New Integrated Management in 2022"

by Lee Dongwoo

Published 03 Jan.2022 10:51(KST)

Jung Sung-kwon, CEO of Asiana Airlines

[Asia Economy Reporter Dongwoo Lee] Jung Sung-kwon, CEO of Asiana Airlines, stated on the 3rd, "We are simultaneously facing the challenges of adapting to the changing market environment and ensuring a stable transition to an integrated system ahead of the merger with Korean Air."

In his New Year's address, CEO Jung said, "The uncertainty caused by COVID-19 is unlikely to be resolved in the short term."

He explained, "Due to the slow recovery of passenger demand, international passenger transport last year remained at about 5% of the 2019 level," adding, "As a result, we had no choice but to continue the intense pain-sharing of employee leave."

He continued, "Despite difficult conditions, we maximized profits by increasing cargo supply capacity using passenger aircraft," and said, "As of the cumulative third quarter last year, we were able to achieve an operating profit of 244 billion KRW."

CEO Jung announced that the management policy for 2022 was set as 'FLY TOGETHER 2022.' He explained that this represents the company's will to realize new integrated management together with various stakeholders such as customers, employees, shareholders, and creditors.

He also introduced three key tasks to be focused on this year: strengthening profitability capabilities to respond to the changing market environment, restoring stable operations and enhancing safety management, and establishing ESG (environment, social, governance) management and a communication culture.

He added, "We will review the route operation strategy so far and establish a management system where all parties involved in sales activities can share the goal of improving route profitability," and "We will carry out employee training and education in a timely manner to prepare for the restoration of operations without any setbacks."