Korean Air chairman and chief executive Walter Cho has vowed to act more aggressively against the growing competition from low-cost carriers in its home market.
Speaking during a press conference at the IATA Annual General Meeting, he says that the carrier has been watching the rise of LCCs passively, but that will now change.
“In the past we have been very passive in confronting the low-cost carriers but now they are interfering with our side of the business and it has been overgrowing the size of the market. In the future we will be taking more aggressive actions towards this market,” he says.
Cho did not elaborate further on what that action may involve…
