Can South Korean LCCs Grow Revenue And Yield In Such A Crowded And Competitive Market?
South Korea’s LCC fleet is now over 100 aircraft, with a domestic traffic share of over 40%, and international share also climbing. But where to from here? Seoul and Busan are maxed out on slots, and early 2017 restrictions on operating some international charter services to China, whilst a relatively small impact on overall capacity, did create some unwanted issues for Korean LCCs looking to continue expanding. Jeju has promised to achieve 10m pax in 2017. Can South Korean LCCs grow revenue and yield in such a crowded and competitive market?
Moderator: Embry-Riddle Aeronautical University, Assistant Professor June Lee
- Eastar Jet, CEO, Jong-gu Choi
- Jin Air, Managing VP, Corporate Strategy Division, Kwang Lee
- T’way Air, Managing VP, Hyung Yi Kim