Tue, Mar 12, 2013 - Page 14 News List

Major airlines see consolidated revenue increase

By Amy Su  /  Staff reporter

The nation’s two major airlines saw their consolidated revenue last month grow from a year earlier on the back of rising seasonal demand in the passenger sector during the Lunar New Year holiday.

China Airlines Ltd (CAL, 中華航空), the nation’s largest carrier, posted NT$10.75 billion in consolidated sales last month, up 5.57 percent from a year earlier and 1.8 percent from a month earlier, the company said in a filling to the Taiwan Stock Exchange.

The passenger business remained steady last month as the Lunar New Year holiday helped increase demand, in line with the projection by company chairman Sun Hung-hsiang (孫洪祥) on Thursday last week that CAL’s passenger sector would grow steadily this year.

However, the growth outlook for the cargo business this year remains vague, Sun said, citing the weaker momentum in the carrier’s cargo sales.

However, CAL had not posted its revenue for the passenger sector and the cargo sector as of press time yesterday.

“We maintain a cautiously optimistic view [for the airline industry] this year,” Sun said.

In the first two months, CAL posted NT$21.32 billion in consolidated sales, down 1.74 percent from a year earlier, company data showed.

EVA Airways Corp (EVA, 長榮航空), the nation’s second-largest carrier, reported a similar trend in revenue last month. Its consolidated revenue inched up 9.75 percent last year to NT$9.28 billion from a year ago, the company said in a filling to the Taiwan Stock Exchange.

However, on a monthly basis, sales dropped 6.26 percent last month, company data showed.

Passenger sales reached NT$5.47 billion last month, up 20.22 percent from a year earlier, but down 4.7 percent from a month earlier.

Revenue from its cargo business slid 13.2 percent year-on-year to NT$2.17 billion last month, which was also 16.86 percent down from the previous month.

The company saw its consolidated sales in the first two months reach NT$19.18 billion, up 1.96 percent from a year earlier, company data showed.

TransAsia Airways Corp (TNA, 復興航空) — which focuses on the regional passenger business — saw its consolidated revenue at NT$1 billion last year, up 48.2 percent from a year ago and 31.75 percent from a month ago, according to the company’s financial data.

The annual increase in revenue last month was driven by the carrier’s newly launched routes to Japan in the second half of last year.

TNA’s sales totaled NT$1.76 billion in the first two months, up 15.1 percent from a year earlier, company data showed.

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