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Jeju Air

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Jeju Air

Jeju Air CEO, Kim Jong Chul
Jeju Air CEO, Kim Jong Chul
IATA Code
7C
ICAO Code
JJA
Website
http://www.jejuair.net
Main hub
Jeju Airport
Country
South Korea
Business model
Low Cost Carrier

Established in 2005, Jeju Air is an airline based at Jeju International Airport in South Korea with a secondary hub at Gimpo International Airport in Seoul. Jeju Air is majority-owned by the Aekyung Group and operates scheduled domestic services, as well as regional services from Korea to Japan, Hong Kong, Thailand and the Philippines.

Location of Jeju Air main hub (Jeju Airport)

Source: CAPA - Centre for Aviation and Google Maps


 
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122 total articles

6,131 total articles

LCC penetration in domestic South Korean market reaches new highs but at what cost?

4-Nov-11 8:00 AM

South Korea’s five major LCCs held an aggregate domestic market share of 42.3% in 3Q2011 in the third quarter of 2011, up from the 40.3% in the six months to Jun-2011 (1H2011), which itself was a new record for LCC penetration in the North Asian nation. This penetration, as confirmed by South Korea’s Ministry of Land, Transport and Maritime Affairs, marks a significant rise from a combined market share of just 9.7% three years ago.

However, profitable growth remains a continued challenge for South Korea’s LCCs. In 2008, two LCCs in the market, namely Hansung Airline and Yeongnam Air, collapsed amid challenges economic conditions, high fuel costs, a weakened Korean won and funding challenges amid the global economic financial crisis. Among those left standing, losses were heavy, with the nation’s four LCCs in 2009 – EastarJet, Jeju Air, Jin Air and Air Busan, reporting combined losses in excess of USD55 million in 2009.

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

21-Jul-11 4:31 PM

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.

Tiger Airways & business recovery propels Australia’s golden triangle up rankings of world’s busiest

20-Jul-10 12:33 PM

Passenger numbers on the Melbourne-Sydney route (Australia’s busiest and now the world’s fourth busiest) surged 18.5% year-on-year in May-2010, reflecting a recovery in business travel and Tiger Airways’ expansion on the route since Jul-2009. The increase was well ahead of the 5.3% increase in Australian domestic airline passengers for the month and signals the revitalisation of the route after several years of stagnation under the former Qantas-Virgin Blue duopoly.

Can South Korea’s LCCs survive a sea of red ink?

1-Apr-10 3:55 PM

South Korea, like the rest of North Asia, has been slow to adopt the LCC model, especially when compared to its Southeast Asian neighbours, with the main impediment to expansion being conservative regulatory regimes, with protectionism still prevalent in the region. But several South Korean LCCs have established over the last three years (though some have failed). The survivors are in the process of restructuring after heavy losses in 2009, and are increasingly looking for offshore growth opportunities as part of their recovery efforts.

LCCs in Japan, Korea and China. Massive growth potential to be realised in the next decade

27-Nov-09 11:30 AM

The second decade of the 21st century will see low cost airlines arrive on a massive scale in North Asia. The region has not seen significant low cost airline entry to date – one of the few parts of the world to have missed the phenomenon. It is a major anomaly in this respect, because the geography, economy and demography of the three neighbouring countries of Japan, South Korea and China offer near-ideal conditions for LCC growth.

Domestic market share for Korea’s LCCs continues its dramatic rise

22-Oct-09 3:20 PM

Korea’s LCCs are fast expanding, with the nation's four major LCCs carrying 31.1% of the domestic air travel market in 3Q2009.

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