Korea’s LCCs to counter headwinds with exclusive routes, lower fares

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The story "Korea’s LCCs to counter headwinds with exclusive routes, lower fares" was covered 2 weeks ago by Korea Economic Daily, a news publisher based in South Korea.

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Korea’s LCCs to counter headwinds with exclusive routes, lower fares - Korea Economic Daily

Quick Summary:

The won was the region’s worst-performing currency, losing 8.1% against the dollar so far this year.“It is most important for local LCCs to seek profitable routes and attract new customers,” said one of the sources.“Such measures are expected to expand customer choice and help them operate their aircraft efficiently.”EXCLUSIVE ROUTESEastar Jet Co.is scheduled to operate a route between Incheon, South Korea’s main gateway, and Tokushima, Japan, starting on Dec.26.

The LCC unit of South Korea’s second-largest full-service carrier Asiana Airlines Inc.is set to provide exclusive non-scheduled services for the Busan-Boracay, the Philippines, route from Dec.25 to March 1, 2025, to meet year-end holiday demand.

The budget carrier, which has secured traffic rights to Kazakhstan, plans to start services to the country’s largest metropolis Almaty in the next spring.Air Busan Co.has been operating a route between the country’s No.2 city Busan and the Indonesian resort island Bali exclusively since late October.