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Low-cost Carriers Take ‘Second Jobs’ amid Travel Slump

Low-cost Carriers Take ‘Second Jobs’ amid Travel Slump

SEOUL, June 22 (Korea Bizwire) — With airlines continuing to struggle with the aftermath of the coronavirus outbreak, low-cost carriers are beginning to take on ‘secondary jobs’. Jeju Air Co., South Korea’s biggest budget carrier by sales, is running an ‘in-flight meal cafe’ at a shopping mall complex in Seoul’s Hongdae area until July 28. [...]

Budget Carriers Suffer Extended Losses in Q1 over Prolonged Pandemic Slump

Budget Carriers Suffer Extended Losses in Q1 over Prolonged Pandemic Slump

SEOUL, May 18 (Korea Bizwire) — South Korea’s low-cost carriers suffered an extended loss in the first quarter as the coronavirus continued to weigh on travel demand, data showed Tuesday, raising concerns over their ability to stay afloat even after the pandemic. Budget carriers have grounded most of their flights on international routes since early [...]

Budget Carriers Struggle to Compete Full Service Airlines

Budget Carriers Struggle to Compete Full Service Airlines

SEOUL, Feb. 24 (Korea Bizwire) — The polarization of profits between full-service carriers (FSCs) and low-cost carriers (LCCs) is worsening as air travel demand has plunged in the aftermath of the coronavirus pandemic. While LCCs are following in the footsteps of two FSCs — Korean Air Lines Co. and Asiana Airlines Inc. –  to fly more flights [...]

Low-cost Airline Market Faces Major Transition amid Pandemic

Low-cost Airline Market Faces Major Transition amid Pandemic

SEOUL, Jan. 20 (Korea Bizwire) — South Korean low cost airline market is bound to change with the emergence of both new and giant low-cost carriers (LCCs). Air Premia Co. reportedly plans to introduce Boeing 787-9 aircraft next month and receive an air operator certificate (AOC) from the Ministry of Land, Infrastructure and Transport. While [...]