LCC seat proportion in Korea outpaces Asia-Pacific average: report

Lcc Seat Proportion In Korea Outpaces Asia Pacific Average: Report

This file photo from May 19, 2024, shows planes of low-cost carriers at Incheon International Airport. Yonhap

This file photograph from Could 19, 2024, reveals planes of low-cost carriers at Incheon Worldwide Airport. Yonhap

The seating proportion of low-cost carriers (LCCs) in Korea’s aviation market has far surpassed the common of the Asia-Pacific area, in line with an business report Wednesday, reflecting the recognition of funds airways within the nation.

In response to the evaluation report by aviation market tracker Middle for Aviation, LCCs accounted for 45.7 p.c of systemwide seats in Korea, considerably increased than the common 32.1 p.c for the Asia-Pacific area as of the second week of January.

The LCC seat proportion for worldwide flights from Korea got here to 41.1 p.c in 2024, up from 15.4 p.c in 2015 and 36.5 p.c in 2019, the report confirmed.

Home flights have seen comparable progress, with LCCs representing 58.5 p.c of seats in 2024, in contrast with 54.3 p.c in 2019.

In response to the report, Jeju Air, the nation’s largest LCC, accounted for 11.1 p.c of general systemwide seats, rating third solely after the nation’s two full-service flag carriers: Korean Air and Asiana Airways.

Jeju Air just lately decreased its flight capability following the Dec. 29 crash of one in every of its B737-800 plane, which claimed 179 lives. Previous to the incident, Jeju Air had a barely increased seat share of 12.4 p.c, the report stated. (Yonhap)

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