China Airlines Ltd (
The airline made a loss of NT$805.8 million (US$24 million) in the three months that ended March 31, compared with a NT$385.2 million profit a year earlier, it said in a filing to the Taiwan Stock Exchange yesterday.
The carrier booked a loss of about NT$1 billion from the sale of its last Airbus SAS A300-600R passenger plane, as it retired older aircraft to cut its maintenance costs.
Smaller rival EVA Airways Corp (長榮航空) posted a loss of NT$331.3 million, or NT$0.09 a share, in the three months ended on March 31, compared with a profit of NT$225.9 million, or N$0.07, a year earlier, the company said in a filing to the Taiwan Stock Exchange yesterday.
Local airlines' profits are coming under pressure from falling information technology exports and a new high-speed railway, which has won customers on domestic routes.
"There's not much growth momentum for local carriers' sales," said Ernest Chiang, who manages about US$27 million at Industrial Bank of Taiwan Investment Trust Co (
He doesn't own any China Airlines shares.
Shares of China Airlines fell 2 percent to close at NT$14.6 after the earnings announcement yesterday. The stock has fallen 4 percent this year, compared with a 0.7 percent gain in the benchmark TAIEX index.
China Airlines boosted its first-quarter sales 2.8 percent to NT$28.6 billion, according to calculations based on its monthly statements.
Sales rose 12 percent in the preceding quarter.
The company earns about 60 percent of its sales from passengers and the rest from cargo, spokesman Johnson Sun (
Selling the last A300-600R "helped us simplify our fleet," Sun said.
Air-cargo demand in Taiwan has fallen because Quanta Computer Inc (
Exports of information technology and communications products plunged 17 percent in the first quarter, the Ministry of Finance said April 9.
Taiwan High Speed Rail Corp (
More than 2 million passengers used the train service in its first two months of operations, company spokeswoman Jennifer Chen said on March 14.
Train tickets for the trip between Taipei and Kaohsiung cost about 30 percent less than airlines' fares.
‘DECENT RESULTS’: The company said it is confident thanks to an improving world economy and uptakes in new wireless and AI technologies, despite US uncertainty Pegatron Corp (和碩) yesterday said it plans to build a new server manufacturing factory in the US this year to address US President Donald Trump’s new tariff policy. That would be the second server production base for Pegatron in addition to the existing facilities in Taoyuan, the iPhone assembler said. Servers are one of the new businesses Pegatron has explored in recent years to develop a more balanced product lineup. “We aim to provide our services from a location in the vicinity of our customers,” Pegatron president and chief executive officer Gary Cheng (鄭光治) told an online earnings conference yesterday. “We
LEAK SOURCE? There would be concern over the possibility of tech leaks if TSMC were to form a joint venture to operate Intel’s factories, an analyst said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday stayed mum after a report said that the chipmaker has pitched chip designers Nvidia Corp, Advanced Micro Devices Inc and Broadcom Inc about taking a stake in a joint venture to operate Intel Corp’s factories. Industry sources told the Central News Agency (CNA) that the possibility of TSMC proposing to operate Intel’s wafer fabs is low, as the Taiwanese chipmaker has always focused on its core business. There is also concern over possible technology leaks if TSMC were to form a joint venture to operate Intel’s factories, Concord Securities Co (康和證券) analyst Kerry Huang (黃志祺)
It was late morning and steam was rising from water tanks atop the colorful, but opaque-windowed, “soapland” sex parlors in a historic Tokyo red-light district. Walking through the narrow streets, camera in hand, was Beniko — a former sex worker who is trying to capture the spirit of the area once known as Yoshiwara through photography. “People often talk about this neighborhood having a ‘bad history,’” said Beniko, who goes by her nickname. “But the truth is that through the years people have lived here, made a life here, sometimes struggled to survive. I want to share that reality.” In its mid-17th to
‘MAKE OR BREAK’: Nvidia shares remain down more than 9 percent, but investors are hoping CEO Jensen Huang’s speech can stave off fears that the sales boom is peaking Shares in Nvidia Corp’s Taiwanese suppliers mostly closed higher yesterday on hopes that the US artificial intelligence (AI) chip designer would showcase next-generation technologies at its annual AI conference slated to open later in the day. The GPU Technology Conference (GTC) in California is to feature developers, engineers, researchers, inventors and information technology professionals, and would focus on AI, computer graphics, data science, machine learning and autonomous machines. The event comes at a make-or-break moment for the firm, as it heads into the next few quarters, with Nvidia CEO Jensen Huang’s (黃仁勳) keynote speech today seen as having the ability to
RSS