Jeju Airs Ambitious Expansion Plans

The transcript discusses the competitive nature of the airline industry, focusing on the North East Asian low-cost carrier (LCC) market. It highlights the growth potential in international routes, especially to Japan and China, and addresses concerns like Ebola. The airline's safety measures, market position, and expansion plans are outlined, including the addition of new destinations. The impact of oil prices on costs and scalability is also discussed, emphasizing the benefits of lower fuel costs.

What is the market share of North East Asian LCCs compared to Southeast Asian LCCs?

• Less than 10%

• Over 52%

• Exactly 50%

• Around 30%

What external factor is the airline closely monitoring due to its potential impact on business?

• Technological advancements

• Political instability

• Ebola outbreak

• Economic recession

What measures are Korean airport authorities taking to ensure safety?

• Increasing ticket prices

• Reducing flight frequencies

• Severe screening at airports

• Implementing new technology

How many new international destinations does the airline plan to add by the end of 2015?

• 24-25

• 20-22

• 10-15

• 30-35

What percentage of the airline's total cost is attributed to fuel?

• 10%

• 20%

• 30%

• 40%