Low-cost flights considered
South Korean flag carrier Korean Air said yesterday it may set up a low-cost carrier for short-distance international routes amid an expected raise in competition over short-haul travel within the region. "We will consider establishing a separate low-cost carrier, if needed for short-distance overseas services. We have already studied it and preparations are under way," Korean Air chairman Cho Yang-ho told reporters. Cho said the low-cost carrier could operate independently from Korean Air, in a move which may prompt carriers in Japan and other Asian countries to intensify competition. Korean Air is the world's third largest air cargo carrier and the 15th largest in terms of passenger numbers. The carrier posted a net profit of 472 billion won (US$467 million) last year with sales rising 16.7 percent year-on-year to 7.21 trillion won, thanks to increased demand for air travel and cargo transportation.
Consumer price index up
Hot on the heels of the Federal Reserve's tough new line on inflation came alarming news Wednesday that US consumer prices posted their biggest gain in four months in February. Surging energy prices fuelled a 0.4 percent rise in the consumer price index (CPI) last month, the US Labor Department reported. The core CPI rate, which excludes volatile food and energy costs, rose 0.3 percent. The markets had been expecting the headline figure to go up 0.3 percent and the core rate to rise by 0.2 percent. The figures came a day after the Federal Reserve's Open Market Committee (FOMC) shocked Wall Street with strong language on inflation as it raised interest rates by 25 basis points to 2.75 percent.
INCURSION: After 13 PLA aircraft flew into Taiwan’s ADIZ, the US Department of State said that China should rather ‘engage in meaningful dialogue’ with Taiwan US President Joe Biden’s administration on Saturday urged China to stop placing military pressure on Taiwan, while calling on both sides of the Taiwan Strait to engage in peaceful dialogue. The statement by the US Department of State was issued after 13 Chinese military aircraft flew into Taiwan’s southwest air defense identification zone (ADIZ) on Saturday, the highest number observed in a single day this year, the Ministry of National Defense said. The air force scrambled fighter jets to monitor the Chinese aircraft, issuing radio warnings and mobilizing air defense assets until the planes left the ADIZ. The US “notes
‘INCREASED VIGILANCE’: A source of infection has not yet been found for the latest two cases in a hospital cluster, which should serve as a warning, Chen Shih-chung said A total of 2,991 people associated with a COVID-19 cluster infection at Taoyuan General Hospital have been put under home isolation, after an emergency expanded isolation order was issued on Sunday evening, the Central Epidemic Command Center (CECC) said yesterday. Fifteen people have so far tested positive in the cluster infection. The first case in the cluster (case No. 838) was reported on Jan. 12 — a doctor who treated an infected patient who had returned from the US. Contact tracing for the first 13 cases found connections to case No. 838, said Minister of Health and Welfare Chen Shih-chung (陳時中), who
FAMILY UNIT: The CECC warned that the eldest sister of the latest case, who also has COVID-19, visited Taoyuan’s Chungping evening market on Tuesday and Wednesday The Central Epidemic Command Center (CECC) yesterday reported a domestic case of COVID-19, associated with a recent cluster infection at Taoyuan General Hospital, and two imported cases. Minister of Health and Welfare Chen Shih-chung (陳時中), who heads the center, said that the latest case (No. 885) is a woman in her 50s, who is the third daughter of case No. 881, a man in his 90s. The woman is the main caregiver of her elderly father, who had been hospitalized earlier this month and was treated by a nurse (case No. 852) from Monday to Thursday last week, he said, adding that
DUBIOUS HONOR? A man in his 90s, who tested positive yesterday and is part of the Taoyuan hospital cluster, is the oldest person in Taiwan to have contracted COVID-19 Taiwan yesterday recorded six new imported cases of COVID-19 and two new domestic cases, the Central Epidemic Command Center (CECC) said, adding that the local infections are linked to the cluster at Taoyuan General Hospital, which now totals 12 cases. One of the domestic cases is a man in his 90s, who was treated earlier this month at Taoyuan General Hospital and tested negative for COVID-19 on Monday last week, four days before he was discharged, the center said in a statement. After one of the nurses on the ward was confirmed on Saturday last week to have contracted COVID-19, the