Air-freight prices rise
China Airlines Co's (華航) freight prices to the US increased by 15 percent on Oct. 11, spokesperson Joseph Wu (武志厚) told the Taipei Times yesterday.
This is the second rise in prices since the end of September when prices rose by 5 percent, Wu said.
The price hikes reflect not only the high season of the cargo market but also the increase in demand for air-freight services out of Taiwan following the week-long closure of 29 US ports along the West Coast, triggered by a contract dispute between dock workers and shipping companies.
The airlines raised its pre-tax profit forecast for the year by more than half after it increased cargo rates in September on demand for air-freight services.
The airline raised its pre-tax forecast to NT$2.22 billion (US$63 million) from NT$1.41 billion on sales of NT$72.4 billion, it said in a statement.
China Airlines said last week it would add six extra flights on Boeing 747-400 aircraft to Los Angeles and two to Chicago, increasing its cargo capacity by about 15 percent. The company now operates 27 weekly cargo flights to the US.
NT dollar remains steady
The NT dollar yesterday remained unchanged against the US dollar, closing at NT$35.168 on the Taipei foreign exchange market. Turnover was US$538 million, up from the previous day's US$355 million.
Staff writer
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