Sat, Oct 08, 2011 - Page 12 News List

CAL and EVA’s revenues decline

By Amy Su  /  Staff Reporter

Revenues at the nation’s two largest airlines both fell month-on-month last month as expected amid the end of the high season for passenger business and persistently weak demand in their cargo businesses.

China Airlines Ltd (CAL, 中華航空), the nation’s largest carrier, posted NT$10.7 billion (US$351 million) in revenues last month, down 4.98 percent from a year ago and 9.25 percent from a month earlier, data provided by the company showed.

Revenue from its passenger business dropped 12.9 percent from the previous month to NT$6.82 billion, reflecting the end of the high season, while revenue from its cargo business also fell 1.97 percent month-on-month to NT$3.49 billion.

“The momentum in the company’s passenger business should remain steady this year,” CAL chairman Chang Chia-juch (張家祝) told reporters last month, while warning that the global economic slowdown would contract seasonal demand in the cargo business in the fourth quarter, which used to be the traditional high season.

In the third quarter, CAL reported NT$34.76 billion in revenues, up 7.05 percent from a quarter earlier, but down 5.72 percent year-on-year, the data showed.

EVA Airways Corp (EVA, 長榮航空), the nation’s second-largest carrier, posted a similar trend in revenue last month.

It reported NT$8.26 billion in revenues last month, down 7.19 percent from a year earlier and 12.13 percent lower than the previous month, company data showed.

Third-quarter revenues rose 6.58 percent, but dropped 4.24 percent from same period last year to NT$27.36 billion, the data showed.

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