Air Service One – Bitesize Analysis of the Day – 15 August 2024

Seat capacity between Europe and South Korea doubled between 2010 and 2019. However, according to AIR SERVICE ONE analysis of Cirium schedules data, capacity in August 2024 is still 23% down versus August 2019. Last week saw the launch of a new service operated by T’way Air between Seoul ICN and Aeroporti di Roma.

A total of 20 airports in Europe now have non-stop flights to South Korea (all to Seoul ICN) up from 19 in August 2019. There are no longer flights from Moscow SVO and St Petersburg. However, Budapest Airport, Avinor‘s Oslo Airport and Port Lotniczy Wrocław S.A. (Wroclaw Airport) have all gained service.

The market has seen the loss of service from Aeroflot, Alitalia Società Aerea Italiana S.p.A., British Airways and Czech Airlines. However, in addition to T’Way Air, the market has also welcomed Air Premia and Swiss International Air Lines (service from Zurich started on 7 May 2024 https://lnkd.in/dNWcit_q).

The top six airlines in August 2024 are (monthly one-way seats, change versus August 2019):
– Korean Air (81.8k, -25%)
– Asiana Airlines (48.3k, -17%)
– Lufthansa (17.8k, -13%)
– Turkish Airlines (17.1k, +5%)
– LOT Polish Airlines (12.3k, +83%)
– Air France (11.4k, -28%)
Later this month T’Way Air is set to launch another new route to Europe, this time to AEROPORTS DE PARIS‘s CDG airport. Aena‘s Barcelona and Fraport AG‘s Frankfurt are further planned new routes set to start before the end of 2024.