TransAsia Airways Corp (復興航空), a Taiwanese carrier focusing on regional passenger routes in Asia, expects revenue next year to grow 30 percent from a year earlier, as it continues to launch new routes, a company official said yesterday.
Sales could surpass NT$10 billion (US$343.6 million) next year, marking the highest in the company’s history. The airline posted NT$8.74 billion in revenue last year.
In the first 11 months of the year, TransAsia posted sales of NT$8.68 billion, up 8.29 percent from a year earlier, company data showed.
“TransAsia is entering an expansion period,” chief commercial officer Chooi Yee-choong (徐以聰), who joined the management team in the middle of last month, told a media briefing.
The airline welcomed its first A330-300 aircraft last month, with the plane set to make its maiden flight from Taipei to Singapore on Dec. 30, Chooi said.
After taking delivery of its second A330-300 aircraft from France-based Airbus SAS next month, TransAsia is looking to launch more regional services in Asia next year, he added.
The carrier is looking to open routes to Bangkok and Tokyo, Chooi said, adding that at least one new route would be launched in the first half of next year.
TranAsia hopes to commence flights between Taiwan Taoyuan International Airport and Tokyo’s Narita International Airport in the near future, he said.
It may also consider launching flights between Taipei International Airport (Songshan airport) and Tokyo’s Haneda Airport, he added.
For its current operational routes — to Macau, South Korea, Singapore, China and Japan — Chooi said the carrier hoped to increase its flight frequency if it could obtain additional quotas.
Chooi was optimistic about revenue growth momentum in the current quarter amid the increase in capacity, saying sales were in line with company expectations.
“The fourth quarter is not bad ... year-end demand is holding up well,” he said.
The airline also unveiled its early bird offers for budget travelers in the Asia-Pacific region, part of its strategy to expand its market share.
The special promotions are only available online and applicable between March and October next year. They cannot be used during the summer break, the Tomb-Sweeping Festival in early April and the Mid-Autumn Festival in late September, it added.
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
Apple Inc increased iPhone production in India by about 53 percent last year and now makes a quarter of its marquee devices there, reflecting the US company’s efforts to avoid tariffs on China. The company assembled about 55 million iPhones in India last year, up from 36 million a year earlier, people familiar with the matter said, asking not to be named because the numbers aren’t public. Apple makes about 220 million to 230 million iPhones a year globally, with India’s share of the total increasing rapidly. Apple has accelerated its expansion in the world’s most populous country in recent years, bolstered
HEADWINDS: The company said it expects its computer business, as well as consumer electronics and communications segments to see revenue declines due to seasonality Pegatron Corp (和碩) yesterday said it aims to grow its artificial intelligence (AI) server revenue more than 10-fold this year from last year, driven by orders from neocloud solutions clients and large cloud service providers. The electronics manufacturing service provider said AI server revenue growth would be driven primarily by the Nvidia Corp GB300 server platform. Server shipments are expected to increase each quarter this year, with the second half likely to outperform the first half, it said. The AI server market is expected to broaden this year as more inference applications emerge, which would drive demand for system-on-chip, application-specific integrated circuits
PROJECTION: TSMC said it expects strong growth this year, with revenue in US dollars projected to grow by about 30 percent, outperforming the industry Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported consolidated sales last month reached NT$317.66 billion (US$9.98 billion), the highest ever for the month of February, driven by robust demand for chips built using the company’s advanced 3-nanometer (3nm) process. Last month’s figure was up 22.2 percent from a year earlier, but fell 20.8 percent from January, the world’s largest contract chipmaker said in a statement. For the first two months of the year, TSMC posted cumulative sales of NT$718.91 billion, up 29.9 percent from a year earlier. Analysts attributed the growth to sustained global demand for artificial intelligence (AI) products
RSS