Please discuss the following, citing outside sources and data:
Korean Air Lines: FX and Jet Fuel Prices: Discuss the impact of currency fluctuations on the price of jet fuel. Why is the price of jet fuel riskier for foreign airlines as compared to U.S. airlines? How can foreign airlines protect themselves from price fluctuations related to changing exchange rates?
The COVID-19 pandemic dealt a further blow to South Korea’s airlines as international travel ground to a virtual standstill and disruptions to global supply chains put a damper on economic growth. What are the implications of a continued depreciation in the value of the won for Korean Airlines and Asiana Airlines? Can the market continue to support both airlines?