24-Jan-2012 11:48 AM

South Korean LCC market share up 3.3 ppts, pax exceeds 10 million in 2011

South Korea’s Ministry of Land, Transport and Maritime Affairs stated South Korean LCCs had a total market share of 16.5% in 2011, an increase of 3.3 ppts year-on-year in 2011. According to Yonhap, the Ministry stated South Korean LCCs transported a total of 10.5 million passengers in 2011, an increase of 32.5% and exceeding the 10 million mark for the first time.