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Past coverageEconomy & Trade

One story, 0 countries, 2 papers

This topic isn't active right now. Last covered May 10, 2026. See today's headlines.

๐Ÿ‡ฐ๐Ÿ‡ท South Korea/Korean

High fuel costs force South Korean LCCs to slash medium-haul flights

The escalating cost of jet fuel, exacerbated by the prolonged conflict between the US, Israel, and Iran, is pushing South Korea's low-cost carriers (LCCs) into a severe financial crisis. Hankyoreh reports that these airlines, already operating on thinner margins than full-service carriers, are being forced to drastically cut operations, particularly on medium-haul routes. This situation highlightsโ€ฆ