South Korean LCCs hold 40% share in domestic market, led by Air Busan

South Korea’s five major LCCs held an aggregate domestic market share of 40.3% in the six months to Jun-2011 (1H2011), a new record for LCC penetration in the North Asian nation. This penetration marks a significant rise from a combined market share of just 9.7% three years ago. [3595 words]

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This report contains the following subheadings:

• Air Busan largest domestic LCC followed by Jin Air
• Seoul Gimpo-Jeju and Busan-Jeju largest domestic sectors for LCCs
• International LCC travel growing but remains small
• South Korea's LCCs operate 12% of total South Korean fleet
• South Korea’s five LCCs
• A flutter of expansion
• Expanding to Japan, South Korea’s second largest international market
• Jin Air becomes first LCC to operate to mainland China

This report contains the following charts and tables:

• Asia Pacific domestic LCC penetration by capacity (seats): Seven months to Jul-2011
• South Korea LCC domestic capacity (seats) growth: Seven months to 2002 to seven months to 2011
• South Korea domestic capacity (seats) growth: Seven months to 2002 to seven months to 2011
• South Korea domestic market share by carrier: 1H2011
• Seoul Gimpo International Airport to Jeju Airport (seats per week, one way, 4-Jul-11 to 8-Jan-12)
• Seoul Gimpo International Airport to Jeju Airport (seats per week, one way, 4-Jul-11 to 8-Jan-12)
• South Korea domestic traffic highlights for LCCs for the six months ended Jun-2011
• South Korea LCC international capacity (seats): Seven months to Jul-2002 to seven months to Jul-2011
• South Korea international pax numbers and domestic pax numbers: 1H2004 to 1H2011
• South Korea traffic highlights for the six months ended Jun-2011
• Republic of Korea fleet breakdown for on order aircraft (at 18-Jul-2011)
• Republic of Korea on order fleet breakdown by manufacturer for aircraft (at 18-Jul-2011)
• South Korea traffic highlights for the six months ended Jun-2011
• South Korean LCCs: key details as at Jul-2011
• International capacity (seats) to/from South Korea by country: Jul-2011
• Republic of Korea international capacity (seats) by region (18-Jul-2011 to 24-Jul-2011)
• Seoul Incheon International Airport to Tokyo Narita Airport (seats per week, one way, 4-Jul-11 to 8-Jan-12)
• Busan Gimhae Airport to Tokyo Narita Airport (seats per week, one way, 4-Jul-11 to 8-Jan-12)
• Seoul Incheon International Airport to Sapporo Chitose Airport (seats per week, one way, 4-Jul-11 to 8-Jan-12)
• Republic of Korea to Japan (seats per week, one way, 4-Jul-11 to 8-Jan-12)
• Republic of Korea to China (seats per week, one way, 4-Jul-11 to 8-Jan-12)
• Busan Gimhae Airport to Hong Kong International Airport (seats per week, one way, 4-Jul-11 to 8-Jan-12)
• Seoul Incheon International Airport to Bangkok Suvarnabhumi International (seats per week, one way, 4-Jul-11 to 8-Jan-12)