The consolidated turnover of Incheon International Airport amounted to around 2.25 trillion South Korean won in 2023, which was an increase compared to the previous year. Located in the city of Incheon in Korea, Incheon International Airport is the largest and major international airport in Korea.
Opening of Incheon International Airport
As the demand for international travel increased during the late 1990s, Incheon International Airport opened to handle international flights. It is about an hour away from Seoul and is a maritime airport which was made by filling the sea. Since its opening as South Korea's main international airport in 2001, it has played an important role in the air transportation industry in Asia and around the world. Incheon Airport operates two terminals and can handle a significant number of passengers and cargo. In addition, it is home to a number of duty-free shops such as Shilla, Shinsegae, and Hyundai.
Growing low-cost carriers (LCCs)
Low-cost carriers have helped increase the number of passengers using Incheon International Airport. LCC airlines in South Korea operate domestic and international flights with a focus on neighboring Asian countries including Vietnam and the Philippines. There are several domestic low-cost carriers such as Jeju Air, Air Busan, and Aero K. These carriers' share of international air passenger traffic has steadily increased fin recent years.
Revenue of Incheon International Airport Corporation in South Korea from 2014 to 2023
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Revenue in trillion South Korean won
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All Public Information In-One. (April 9, 2024). Revenue of Incheon International Airport Corporation in South Korea from 2014 to 2023 (in trillion South Korean won) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/702528/south-korea-revenue-incheon-international-airport/
All Public Information In-One. "Revenue of Incheon International Airport Corporation in South Korea from 2014 to 2023 (in trillion South Korean won)." Chart. April 9, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/702528/south-korea-revenue-incheon-international-airport/
All Public Information In-One. (2024). Revenue of Incheon International Airport Corporation in South Korea from 2014 to 2023 (in trillion South Korean won). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/702528/south-korea-revenue-incheon-international-airport/
All Public Information In-One. "Revenue of Incheon International Airport Corporation in South Korea from 2014 to 2023 (in Trillion South Korean Won)." Statista, Statista Inc., 9 Apr 2024, https://www.statista.com/statistics/702528/south-korea-revenue-incheon-international-airport/
All Public Information In-One, Revenue of Incheon International Airport Corporation in South Korea from 2014 to 2023 (in trillion South Korean won) Statista, https://www.statista.com/statistics/702528/south-korea-revenue-incheon-international-airport/ (last visited August 24, 2024)
Revenue of Incheon International Airport Corporation in South Korea from 2014 to 2023 (in trillion South Korean won) [Graph], All Public Information In-One, April 9, 2024. [Online]. Available: https://www.statista.com/statistics/702528/south-korea-revenue-incheon-international-airport/