LCCs

Airlines Korea’s LCCs to counter headwinds with exclusive routes, lower fares

South Korea’s budget airlines are gearing up to weather the sector’s downturn amid a weaker local currency and a sluggish domestic econo...

Airlines Korean LCCs take on flag carriers with long-haul routes

From June 11, Air Premia Inc. is slated to launch service to Oslo, Norway, the longest-haul route for a South Korean low-cost carrier (LCC). The LCC...

Airlines MBK, Air Premia team up for Asiana’s cargo unit; Jeju Air exits

South Korea's low-cost carrier Air Premia Inc. has teamed up with North Asia-focused private equity firm MBK Partners to win Asiana Airlines Inc.'s ...

Airlines South Korean LCCs soar as long-haul carriers struggle

South Korea's low-cost carriers (LCCs) are enjoying a surge in demand as the country emerges from the COVID-19 pandemic, while major carriers are st...

Airlines Korean LCCs baffled as Korea-Indonesia aviation talks stall

South Korea’s low-cost carriers (LCCs) may have to shelve plans to launch service to Indonesia after the two countries failed to reach an agre...

Airlines Asiana’s cargo unit sale faces tough hurdles before KAL merger

The proposed merger of Korean Air Lines Co. (KAL) and Asiana Airlines Inc. has moved one step closer to completion with Asiana’s backing of it...

Airlines Occupancy rate of S.Korean LCCs for int’l flights hits 87%

The average occupancy rate (AOR) on international flights of South Korea’s low-cost carriers (LCCs) has exceeded 80%, fully recovering to its ...

Airlines Number of travelers on S.Korea's LCCs jumped 104-fold in Q1

Demand for overseas flights in South Korea has exploded since the resumption of air travel operations amid the substantial easing of COVID-19 restri...

Airlines Korean LCCs cancel China-bound flights due to COVID-19

Toughened COVID-19 testing requirements on Chinese travelers will likely dent hopes for South Korea's low-cost airlines to recover from three years ...

Airlines Foreign airlines gnaw at Korean LCCs on international flight routes

South Korea’s budget airlines are facing growing competition with foreign carriers on profitable international routes with the reopening of ai...

Airlines Korean LCCs resume flights to Taipei after nearly 3 years

As domestic budget carriers begin opening or resuming flights to Taipei, the skyways between Korea and Taiwan have widened further.Jeju Air announce...

Airlines Korean LCCs’ international flight recovery remains slow

South Korean budget airlines are seeing a slow recovery in international flights as key routes such as China and Japan have yet to normalize while t...

Earnings Korea’s major airlines continue to enjoy cargo boom

Korean Air Lines Co., the country’s top carrier, reported a record quarterly operating profit on the strong cargo business while its smaller d...

Korean stock market Korea’s reopening stocks shine despite surging Omicron cases

South Korea’s reopening stocks rallied even as the local COVID-19 cases hit record-highs with the spread of the Omicron variant. Investors rai...

Travel & Leisure Travel bubble triples Koreans’ trips to Saipan

A travel bubble between South Korea and Saipan more than tripled visits of residents in the Asian country to the main island in the Northern Mariana...

Airlines Korean LCCs rush to stock market for fund on travel recovery hopes

Cash-strapped South Korean budget airlines are rushing to raise money in the local stock market on growing hopes for a travel recovery as government...

Airlines Korean LCCs continue to face worst market conditions in 2021

Korea’s low-cost carriers (LCCs) are projected to post another period of financial loss in the second quarter of 2021.According to analyst est...

Airlines Cash-strapped Korean LCCs to bolster capital: Jeju Air to raise $175 mn

Jeju Air Co., South Korea’s largest low-cost carrier (LCC), seeks to raise some $175 million in new shares to boost its capital base, raising ...