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 [...]
BUSAN, Jan. 11 (Korea Bizwire) — Air Busan Co. announced on January 10 that it will no longer provide free airline meals to international passengers on board from April 1. Air Busan has been offering free meals on international flights that run for more than 2 hours and 30 minutes, except for flights departing from [...]
SEOUL, Mar. 19 (Korea Bizwire) — U.S. aircraft maker Boeing Co. said Friday that it expects rising demand for its single-aisle passenger jets in South Korea due to growth of low-cost carriers (LCCs). At a press conference in Seoul, Boeing forecast the Korean civil aviation market to continue to grow this year after posting an [...]
SEOUL, Feb. 26 (Korea Bizwire) – South Korea’s budget carries transported a record high of over 20 million passengers for the whole of 2017, up sharply from the year before, industry data showed Saturday. Numbers provided by the transportation ministry and the tourism sector showed the country’s six low cost carriers (LCCs) ferried 20.3 million people, up a sharp 41.9 [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s airlines will hire more than 3,500 workers this year as they move to serve ever rising numbers of air passengers, industry sources said Wednesday. Korean Air Lines Co. said it will recruit more than 1,000 new workers, noting that it will fly 17 new flights this year. [...]
SEOUL, May 29 (Korea Bizwire) – Jin Air Co., the budget carrier unit of Korean Air Lines Co., said Monday the number of passengers it served has exceeded 30 million nearly nine years after it started operating. Jin Air, launched in July 2008, became the second low-cost carrier (LCC) to reach the milestone after Jeju [...]