Seoul, South Korea – Korean national airlines are engaging in aggressive price competition on their US routes as they enter the typically slow off-peak season. Korean Air, Asiana Airlines, and Air Premia are offering substantial discounts, with round-trip tickets available for 600,000 to 800,000 Korean won.
This surge in price competition comes as the airline market normalizes and as major carriers prepare for route restructuring following the anticipated merger of Korean Air and Asiana Airlines. Airlines are striving to maximize operational performance during this period of transition.
Korean air has tickets available for under 800,000 won round trip for flights between Incheon and New York.
Asiana Airlines has introduced a "LAST MINUTE Special Fare" promotion, offering heavily discounted tickets for long-haul routes to Europe and the United States. This marks the first time Asiana Airlines has implemented such a "last-minute" sales strategy. Asiana airlines is offering tickets that are more than 50% off of standard tickets.
Air Premia faces the challenge of restoring customer trust and demand after experiencing a series of flight delays and cancellations. In the first two months of this year, Air Premia announced 26 international flight schedule changes or cancellations due to delays in new aircraft introductions and aircraft maintenance. This is a significant increase compared to the seven incidents reported during the same period last year. Air Premia plans to continue attracting customers through promotions while also focusing on improving operational safety and on-time performance by leasing three additional aircraft this year.
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