The nation's two largest carriers said they would adjust the par value for full fare prices of first-class and business-class tickets to and from the US, effective July 1.
The adjustment will mainly affect passengers booking tickets directly from airlines or purchasing tickets at the airport, said Eric Lin (林司忠), a public relations officer at EVA Airways Corp (長榮航空), the nation's second-largest carrier.
The majority of passengers purchase tickets from travel agents, who sell the tickets at much lower prices.
US flights
EVA Airways said it will raise the par value for first-class and business-class tickets to and from US cities -- Los Angles, San Francisco, New York, Seattle and others -- by 10 percent, Lin said, without stating the financial benefits of these measures.
China Airlines Ltd (
It is a common industry practice to keep the par value of tickets higher than retail prices set by travel agents for a certain range of tickets, Sun said.
economy class
The nation's largest carrier also intends to raise economy-class ticket prices for its US flights following the peak summer season, Sun said, without giving figures.
Taipei-based China Airlines reported a net loss of NT$805.83 million (US$24.4 million), or NT$0.21 per share, for the first quarter of this year.
It cited the disposal of an older aircraft, which engendered a loss of approximately NT$1 billion, as contributing to that loss.
For its part, the Taoyuan-based EVA posted losses of NT$331.3 million, or NT$0.09 per share, mainly on high fuel costs.
Both carriers have said they expect to swing back into black in the second quarter.
Shares of China Airlines rose 0.35 percent to close at NT$14.45 on the Taiwan Stock Exchange yesterday, while Eva Airways shares remained unchanged at NT$12.65.
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