Air travel takes hit from record-high fuel surcharges

Korea’s air transport output fell in April by the sharpest margin since the COVID-19 pandemic, as higher fuel surcharges driven by the Middle East conflict weighed on demand for air travel, government data showed Monday. According to the Ministry of Data and Statistics’ industrial activity data, the production index for the air transport industry stood at 468.5 in April, down 13.5 percent from a month earlier. It marked the steepest monthly decline since December 2021, when the index fell 14.2 p

By The Korea Herald