Story thread · 4 reports / 3 sources

Korean Air wins antitrust approval for W4tr mileage merger

koreaherald.com · 5hShare

South Korea’s antitrust regulator approved Korean Air’s plan to merge its frequent-flyer program with Asiana Airlines’ on Tuesday, clearing the last major hurdle before the carriers become a single legal entity on Dec. 17. The decision determines how customers can use miles representing about 4.07 trillion won ($3 billion) in combined accounting liabilities. As of the end of June, Korean Air had recognized 3.12 trillion won in deferred revenue tied to unused miles, while Asiana had recorded 946.

First report: Korean Air to begin booking migration ahead of Asiana integration — en.yna.co.kr, 1d