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13-Jun-2018 11:48 AM

Air Daegu CEO: Those who say South Korea LCC sector is a 'red ocean' are speaking too soon

Air Daegu CEO Gyeongwon Shin, speaking at the CAPA LCCs in North Asia Summit, stated (11-Jun-2018) those who say the LCC sector in South Korea "is a red ocean" are speaking too soon. Mr Shin noted that South Korea's existing LCCs are recording record profits and said the market is projected to increase 5% p/a. He added: "I believe demand will exceed expectations".

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