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China Airlines President Chris-tine Tsung (宗才怡) will travel to the US to sign the agreement, she said at the carrier's 42nd anniversary ceremony in Taipei.
The alliance with Delta will help China Airlines raise sales by allowing passengers to use China Airlines tickets to transfer onto Delta feeder services to US destinations on one ticket.
Taiwan's airlines are struggling as Taiwan's economy heads for its first full-year contraction and after demand for air travel and cargo services fell following the Sept. 11 attacks, in which hijacked commercial aircraft were slammed into the World Trade Center in New York and the Pentagon in Washington.
"This has been a tough year following the Sept. 11 terrorist attacks and the slowing economy," said China Airlines Chairman Lee Yun-ning (李雲寧) at the ceremony. "We expect next year to continue to be challenging as Taiwan's entry to the World Trade Organization brings more competition."
Tsung reiterated that the carrier expects to post a profit this year, helped by cost-cutting measures and lower fuel prices.
China Airlines said in October it expects a profit this year of NT$1.37 billion (US$40 million), a reduction from a previous target of NT$3 billion because of a slump in demand after the terrorist attacks in the US.
China Airlines' shares dropped NT$0.20, or 1.5 percent, to NT$13.15. Delta shares fell 3.6 percent to US$29.75 in the US yesterday.
A magnitude 7.8 earthquake struck off the southern coast of Mindanao in the Philippines at 7:38am today, prompting the US Tsunami Warning System to issue an alert for neighboring countries, including Taiwan. The system issued a purple alert indicating a "tsunami threat." The potential threat zone includes Taiwan, the Philippines, Papua New Guinea, Yap and Palau. A spokesperson for Indonesia disaster mitigation agency said there were no reports of damage so far. Arlene Hollero, disaster chief of Maasim town in the Philippines' Sarangani Province, said their evacuation was underway in coastal villages and there were no reported casualties so far. DZBB radio, broadcasting from the
RESILIENCE: Taiwan plays a key role in semiconductors, energy, information infrastructure and advanced manufacturing, AIT Director Raymond Greene said Taiwan’s continued investment in deterrence and resilience remains vital, especially in uncrewed systems and other emerging technologies, American Institute in Taiwan (AIT) Director Raymond Greene said yesterday. Greene made the remarks at the annual National Strategic Summit on Supply Chain Resilience held by the Research Institute for Democracy, Society and Emerging Technology (DSET), a government-backed think tank. As Taiwan last year became the US’ fourth-largest trading partner and supply chain security is becoming more important, cooperation in emerging technologies continues to deepen between the two countries, he said. The US is committed to accelerating innovation, building key infrastructure, strengthening cooperation
The National Chungshan Institute of Science and Technology yesterday showcased its locally developed variants of the Vision 60 robotic patrol dog, which it plans to deploy on the nation’s outlying territories in the South China Sea. The variants were produced under the Joint Lab project — created by the institute and domestic companies — and assembled with domestically produced motors, lenses and artificial intelligence (AI) systems alongside licensed tech from the US, Missile and Rocket Systems Research Division deputy director Jen Kuo-kang (任國光) told the media event at a military base in Taipei’s Dazhi (大直) area. Taiwan has built up its strengths
RIGHT DIRECTION: Taiwan’s efforts to prevent forced labor include a proposal to ‘fully prohibit’ employers from withholding workers’ documents, an official said Taiwan is to establish a mechanism to restrict imports of goods linked to forced labor, the Executive Yuan said yesterday, after the US proposed imposing additional tariffs on Taiwanese goods over labor concerns. “The Ministry of Labor and the Ministry of Economic Affairs are to establish an interministerial review procedure,” Executive Yuan spokesperson Michelle Lee (李慧芝) said at a news briefing in Taipei. “The government is to use the Foreign Trade Act [貿易法] as the legal basis to restrict imports of goods produced with forced labor” and bring its supply chain governance more in line with international standards on human rights, resilience
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