Worries about reputation of budget carrierspublished at 07:37 Greenwich Mean Time 31 December 2024
South Korea's airlines are generally considered to be safe - with Jeju Air having a relatively strong safety record.
But after the crash, Jeju Air shares have slumped to a record low, as worries swirl among low-cost carrier companies about what the incident would mean for the industry's reputation.
The Boeing B737-800 involved in the crash is widely used among domestic budget carriers. South Korea has ordered an inspection of the country's entire fleet of Boeing 737-800s - a model which is among the world's most widely used passenger planes.
"It's hard to blame the incident solely on the aircraft model, but there is concern that biases against [low-cost carriers] and this specific model may grow," an industry insider told Yonhap.
"It's a sombre atmosphere across the entire industry, even though it's just one airline's incident," said another unnamed official in the low-cost carrier.