Regional Round-Up
Korean LCCs control 50% of local air traffic
February 1st 2015
For the first time in their operating history, South Korean budget carriers held more than 50% of the country’s domestic market last year, attracting 51.25%, or 24.4 million, domestic travelers in 2014, said the Korean Airports Corporation (KAC) in a January report. Read More » There are five South Korean low-cost carriers: Jeju Air (13.9%), Air Busan (11.7%), Jin Air (9.2%), T’Way Air (9%) and Eastar Jet (7.4%).
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KAC said since budget carriers began flying in South Korea in 2005, they earned a reputation as safe, but with competitive fares. The airport group said it expected the budget sector to increase its market share on short and medium haul international flights to Southeast Asia and Japan as well as in the domestic market.
