EVA Airways Corp (長榮航空), the nation’s second-largest carrier, yesterday posted a net income of NT$11 billion (US$356 million) from the first three quarters, compared with a net loss of NT$3.9 billion a year earlier, the Taoyuan-based airline said in an exchange filing yesterday.
Driven by a robust rebound in the aviation industry and red-hot cross-strait flights, EVA Airways saw record-high revenue of NT$78.71 billion in the first three quarters, up 53.5 percent year-on-year.
Gross margin reached 20.3 percent during the period between January and last month.
In the third quarter, the airline company posted a net profit of NT$5.82 billion, with earnings per share reaching NT$1.97. Revenue was NT$28.57 billion, up 5.8 percent from the second quarter, while gross margin reached 26.7 percent.
“The fourth quarter also remains bullish, compared with last year,” EVA Airways spokesman Nieh Kuo-wei (聶國維) said by telephone. “However, due to the traditional slow season for passenger flights, the fourth-quarter performance will not be as good as the third quarter’s.”
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
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