China Airlines Ltd (
Net loss was NT$62.4 million (US$1.9 million) in the three months ended June 30, compared with a loss of NT$257.1 million a year earlier. The numbers were derived by subtracting first-quarter results from six-month figures released yesterday.
The carrier said sales rose 7.4 percent in the period, as economic growth boosted passenger traffic.
Company chairman Philip Wei (
"The worst is over for the company," said Stone Lin, an analyst at Yuanta Core Pacific Securities Co (
Second-quarter sales totaled NT$31 billion, based on monthly filings to the Taiwan Stock Exchange. Johnson Sun (孫鴻文), a spokesman for the Taipei-based carrier, declined to comment on the derived numbers.
China Airlines will likely post a third-quarter profit given growing exports, Lin said.
The Naha fire will probably have a limited effect because of insurance, he said.
All 165 people onboard escaped from the plane, which had just landed.
China Airlines shares climbed NT$0.05, or 0.39 percent, to NT$12.85 on the Taiwan Stock Exchange before the earnings announcement. The stock has fallen 16 percent this year.
The airline posted a loss of NT$868.3 million in the first half of the year, compared with a profit of NT$128.1 million a year earlier, it said in a filing to the stock exchange yesterday.
The nation's airports handled 4.3 percent more passengers on international flights in the first half than a year earlier, according to the statistics bureau.
Jet fuel, the biggest expense for most Asian airlines, averaged US$82.09 in the second quarter in Singapore, 3.9 percent less than a year earlier, data compiled by Bloomberg showed.
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