South Korea's Low-Cost Airlines Rise Above Asia-Pacific Norms
The growth of low-cost carriers in South Korea is significantly higher than the Asia-Pacific average, indicating a trend towards budget-friendly air travel.
The share of low-cost carriers (LCCs) in South Korea’s aviation sector has exceeded the Asia-Pacific average, showcasing their rising popularity in the market.
According to an analysis by the Center for Aviation, LCCs made up 45.7% of available seats in South Korea, while the Asia-Pacific average stood at only 32.1%.
In 2024, LCCs represented 41.1% of international flight seats from South Korea, a substantial increase from 15.4% in 2015 and 36.5% in 2019. Meanwhile, domestic flights have also seen growth, with LCCs holding a 58.5% share in 2024 compared to 54.3% in 2019.
Jeju Air, the largest LCC in the country, accounted for 11.1% of overall seats, trailing only behind the full-service flag carriers, Korean Air and Asiana Airlines.
Source: The Korea Bizwire
