In today’s briefing:
- Korean Air Spearheading the Korean Airline Industry Consolidation
Korean Air Spearheading the Korean Airline Industry Consolidation
- Nearly four years have passed since Korean Air first proposed a merger with Asiana Airlines in November 2020. Despite repeated delays, it appears that this merger could finally occur.
- There is now a higher probability of Korean Air and Asiana Airlines receiving the final merger approval from the United States Department of Justice.
- Combined with attractive valuations, better balance sheet, and improved profitability from the merged entity, we believe that Korean Air shares could continue to outperform KOSPI in the next 12 months.
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