SEOUL, March 12 (Korea Bizwire) — Jeju Air Co. reclaimed its lead position among South Korea’s low-cost carriers (LCCs) last month, government data showed Wednesday, following a temporary decline in passengers due to a fatal crash that claimed the lives of 179 passengers in December. According to the data from the transport ministry, Jeju Air [...]
SEOUL, Feb. 14 (Korea Bizwire) – South Korean low-cost carrier (LCC) Eastar Jet Co. said Friday it was investigating a misconduct case involving a cabin crew’s taking of personal photos on the wing of a company aircraft at a domestic airport this week. Several flight attendants of the airline were found to have taken personal [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea plans to strengthen its oversight of low-cost carriers (LCCs) and impose strict penalties on airlines failing to meet enhanced operational safety standards, the government said Thursday, following last month’s Jeju Air crash. In a meeting with CEOs of nine domestic LCCs, including Jeju Air, T’way Air, Eastar Jet [...]
SEOUL, Dec. 31 (Korea Bizwire) — Concerns are mounting within the low-cost carrier (LCC) industry that the image of budget airlines could be tarnished in the wake of the recent Jeju Air crash, according to industry watchers Tuesday, with industry players fearing a decline in demand for air travel. “It’s a somber atmosphere across the entire [...]
SEOUL, Jul. 22 (Korea Bizwire) — The number of international passengers on domestic low-cost carriers (LCCs) surpassed that of full-service carriers, such as Korean Air Co. and Asiana Airlines Inc., as well as foreign airlines during the first half of the year, industry data showed Monday. According to data from the Ministry of Land, Infrastructure [...]
SEOUL, Jan. 2 (Korea Bizwire) – Low-cost carriers (LCCs) in the domestic aviation sector are garnering attention for their foray into proprietary simplified payment services. This move is in response to their growing user base and transaction volumes, increased competition for airline tickets, and a strategic initiative to foster customer loyalty through improved payment convenience. Eastar [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s low-cost carriers said Monday they have delayed or reduced their flights on international routes due to the spread of the omicron variant. Air Seoul Inc., a budget carrier unit of Asiana Airlines Inc., has delayed its planned flights to Guam from Jan. 29 to March 27. Air [...]
SEOUL, March 24 (Korea Bizwire) — South Korean low-cost carriers (LCCs) are struggling with high indebtedness stemming from huge deficits due to the coronavirus pandemic, data showed Wednesday. The debt-to-equity ratio of three major LCCs — Jeju Air Co., Jin Air Co. and T’way Air Co. — ranged from 430 percent to 517 percent as [...]
SEOUL, May 3 (Korea Bizwire) — South Korea has granted low-cost carriers (LCCs) rights to sharply increase the number of their flights on much sought-after routes to China, heralding stiffer competition with full-service rivals. The Ministry of Land, Infrastructure and Transport decided Thursday to allow budget carriers to operate an additional 118 flights on 30 [...]
SEOUL, Feb. 4 (Korea Bizwire) – It has been 14 years since the introduction of low-cost carriers (LCCs) in South Korea. The domestic aviation market, which was dominated by Korean Air Line Co. and Asiana Airlines Inc., has changed significantly since the launch of LCCs in 2005. Currently, LCCs account for nearly 60 percent of [...]