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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Korean Air says bottom hit in cargo demand Reuters - Monday, June 8 KUALA LUMPUR, June 7 - Korean Air <003490.KS>, the world's largest air cargo carrier, said on Sunday that cargo demand had hit bottom, but there would not be a recovery until U.S. consumers resumed buying Asian goods. ADVERTISEMENT "I think we have hit the bottom," CEO Cho Yang Ho told Reuters on the sidelines of an aviation conference in Kuala Lumpur. He said also that the airline had no plans to alter any orders with Airbus <EAD.PA> as long as the airplane manufacturer continued deliveries on time. Korean Air has 10 Airbus A380s on order. It also had $7.8 billion worth of orders with Boeing <BA.N> as of March. Cho said Korean Air had no plans to ground any of its three Airbus A330s following the crash last week of an Air France A330 in the Atlantic, the worst air disaster since 2001. "It's a good aircraft. I believe it was an isolated case," he said. (Reporting by Jean Yoon and Meil Chatterjee; Editing by Raju Gopalakrishnan) Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Business China, Japan pledge to boost global economic recoveryAFP - Monday, June 8 WRAPUP 3-Airline industry outlook still grim - execsReuters - Monday, June 8 Delek says may bid in Greek petrol station tenderReuters - Monday, June 8 Vizio files TV patent suit against LG in U.S.Reuters - Monday, June 8 Israel's FIBI to sell 2.58 pct of HOT to Cool HoldingReuters - Monday, June 8 Most Popular – Business Viewed Carradine may have died from sex act: Thai police Wall Street ponders if rally can run further Susan Boyle out of London clinic: brother Black boxes may never be found: crash investigators World 'getting closer' to swine flu pandemic: WHO View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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