My Account Menu

CAPA Login


Register to trial CAPA Membership!

LCCs remain relatively small players in South Korean market

11-Sep-2009

The low cost carrier segment remains a small part of the South Korean market, currently with an 8% capacity (seat) share of the combined domestic and international market. However, this segment is growing, from 1.9% capacity share in 2007 to the current 8.5% in 2009. [2399 words]

Unlock the following content in this report:

Subheadings:

  • South Korea hit hard by current economic crises
  • LCCs command 22% of shrinking domestic market
  • Very low presence of LCCs in international market
  • South Korean LCC revenues expected to exceed USD158 million in 2009
  • Jin Air reports operating profit in 1H2009 on revenue surge
  • Jin Air planning first international services next month
  • Jeju Air largest carrier by revenue in 1H2009 
  • Jeju Air only South Korean LCC with aircraft currently on order 
  • Air Busan expecting to be largest South Korean LCC by revenue in 1H2009 
  • Air Busan revenue growth linked to growing network
  • Eastar Jet targeting breakeven result in 2010
  • Stimulating demand through promotional measures
  • Remaining LCCs benefit from 2008 failures
  • Asiana Airlines and Korean Air both deeply in the red, but outlook improving slightly

Graphs and data:

  • South Korea domestic and international capacity (seats per month): Jan-Jul-2001 to Jan-Jul-2009
  • South Korea domestic capacity (seats per month), LCCs as a percentage of the total: Jan-Jul-2001 to Jan-Jul-2009
  • South Korea Airport domestic traffic (passengers): 1996 to 2007
  • South Korea Airport international traffic (passengers): 1996 to 2007
  • Jin Air network development: Jul-2008 to Sep-2009
  • South Korean carriers’ fleet and orders: Week commencing 07-Sep-2009
  • South Korea domestic carrier capacity share (%)
  • Asiana Airlines operating income trend: 1Q2007 to 2Q2009
  • Asiana Airlines international yield: 1Q2007 to 2Q2009
  • Asiana Airlines freight yield: 1Q2007 to 2Q2009
  • South Korea international carrier capacity share (%)
  • Korean Air revenue breakdown by segment: 2Q2009
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.