Passenger business boosts EVA revenue to record high

By Amy Su  /  Staff reporter

Fri, Jan 11, 2013 - Page 14

EVA Airways Corp (EVA, 長榮航空), the nation’s second-largest carrier, saw revenue last year hit a record high after reporting an increase in monthly revenue for last month amid strong demand from its passenger business.

Strong sales performance boosted the airline’s shares up 3.67 percent to NT$18.35 yesterday, higher than the benchmark TAIEX’s 0.94 percent gain.

EVA posted NT$9.3 billion (US$319.72 million) in revenue last month, up 8.7 percent from a year ago and 7.64 percent from a month earlier, according to data provided by the company.

That brought the carrier’s sales last year to NT$107.11 billion, up 4.81 percent from the previous year, company data showed.

Revenue from its passenger sector grew the most by 10.5 percent from a year earlier to NT$65.78 billion last year.

However, a weak global economy hampered export momentum last year and dragged down EVA’s cargo revenue by 6.1 percent to NT$34.35 billion last year, company statistics showed.

China Airlines (CAL, 中華航空), the nation’s largest carrier, also reported a similar trend in revenue last year. It’s revenue inched up 0.28 percent last year to NT$132.61 billion from a year ago, the company said in its stock exchange filing.

Passenger sales last year hit a record-high NT$86.62 billion, rising 7.1 percent, while revenue from its cargo business slid 12 percent year-on-year to NT$40.81 billion, the data showed.

Last month, CAL’s sales grew 8.1 percent to NT$11.35 billion from November last year, CAL’s statistics showed. That was down 0.79 percent from the same period last month.

Earlier this month, CAL president Sun Hung-hsiang (孫洪祥) said he was reasonably optimistic about the industry’s revenues this year, helped by Taiwan’s forecast mild U-shaped economic recovery.

Sun expected CAL’s passenger business to remain strong this year, while the worst appeared to be over for its cargo business.

TransAsia Airways Corp (TNA, 復興航空) — which focuses on regional passenger business — also saw its revenue hit a record high to NT$9.5 billion last year, up 8.87 percent from a year ago, the company said in a statement.

TransAsia’s sales totaled NT$818.62 million last month, up 12.92 percent and 4.88 percent from a year and a month earlier respectively, the statement said.

CAL shares surged 4.47 percent to close at NT$12.85 yesterday, while TNA’s shares closed up 1.96 percent at NT$15.6, stock exchange data showed.