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A study on operational risk management of Low Cost Carriers in Korea

국내 저비용 항공사의 경영위험 관리 연구

  • 곽봉환 (인천대학교 동북아물류대학원) ;
  • 강동윤 (인천대학교 무역학부)
  • Received : 2012.03.13
  • Accepted : 2012.03.23
  • Published : 2012.03.31

Abstract

This study, for the reinvigoration domestic LCCs (Low Cost Carriers) in Asian air market which is in developing stage now, aims to analyze the management risk through the operation cases of domestic and foreign areas and then to derive a risk management plan to reinforce the competency of domestic LCCs. As for the major potential risk factors for LCCs in Asia-pacific market, the first is the absence of growth strategy. Then, the second is the problems in airline route, the typical problem of subsidiary companies of major air lines. The third is the lack of specialists and professional manpowers. In order to cope with such risk factors, rapid growth should be controlled and competition with parent company by entering to parent company's airline route should also be avoided. At the same time, there should be a comprehensive supporting system to foster specialists and professionals in this industry.

Keywords

Low Cost Carriers;Asian Air Market;Reinvigoration;Operational Risk;Risk Management

Acknowledgement

Supported by : 인천대학교