South Korean carriers experienced a 29% increase in passenger traffic to 47 million in H1 2022, driven by affordable travel, low-cost carriers, and high inflation.
South Korean carriers saw a 29% rise in passenger traffic to 47 million in H1 2022, per Ministry of Land, Infra & Transport. Demand for affordable travel, low-cost carriers' increased short-haul flights to Japan & SE Asia due to high inflation & a weak won contributed to this growth. If trends continue, annual passenger traffic could surpass pre-pandemic levels of 93.47 million in 2019.
July 08, 2024
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