The nation’s two major airlines saw their consolidated revenue last month grow from a month earlier on the back of cargo business recovery after the Lunar New Year holiday.
China Airlines Ltd (CAL, 中華航空), the nation’s largest carrier, posted NT$12.36 billion (US$410.22 million) in sales last month, up 16.93 percent from a month earlier and 5.63 percent from a year earlier, the company said in a filing to the Taiwan Stock Exchange.
That led the carrier to record a consolidated revenue increase of 5.92 percent to NT$34.98 billion in the first three months compared with the same period last year, statistics showed.
The company’s passenger business remained steady last month compared with February, while sales from the cargo segment showed a 70 percent month-on-month expansion.
CAL chairman Sun Hung-hsiang (孫洪祥) said last month that cargo segment started recovering in the fourth quarter last year, along with an improving global economy.
Smaller rival EVA Airways Corp (EVA, 長榮航空) said its consolidated revenue inched up 17.47 percent to NT$10.69 billion last month from February and grew 7.51 percent from a year earlier.
The carrier’s passenger sales showed 2.46 percent growth last month from February, with cargo revenue climbing 50.26 percent month-on-month, data showed.
For the first quarter of the year, EVA’s revenue totaled NT$30.39 billion, up 4.36 percent from the same period last year.
TransAsia Airways Corp (TNA, 復興航空), which focuses on the regional passenger business in Asia, saw consolidated revenue of NT$990.05 million last month representing an increase of 1.17 percent from a year ago, but a decrease of 0.84 percent from February, the company said in a statement.
Cumulative sales totaled NT$2.96 billion in the first three months, up 8.28 percent from a year earlier, data showed.
Capital Investment Management Co (群益投顧) said in a recent report that the passenger business would show significant growth this quarter due to the upcoming summer vacation, but the joining of various budget airlines focusing on cross-strait routes may add pricing competition for major carriers.
The brokerage said it maintains a neutral view toward the domestic airline sector in the near term.
FALLING BEHIND: Samsung shares have declined more than 20 percent this year, as the world’s largest chipmaker struggles in key markets and plays catch-up to rival SK Hynix Samsung Electronics Co is laying off workers in Southeast Asia, Australia and New Zealand as part of a plan to reduce its global headcount by thousands of jobs, sources familiar with the situation said. The layoffs could affect about 10 percent of its workforces in those markets, although the numbers for each subsidiary might vary, said one of the sources, who asked not to be named because the matter is private. Job cuts are planned for other overseas subsidiaries and could reach 10 percent in certain markets, the source said. The South Korean company has about 147,000 in staff overseas, more than half
Taipei is today suspending its US$2.5 trillion stock market as Super Typhoon Krathon approaches Taiwan with strong winds and heavy rain. The nation is not conducting securities, currency or fixed-income trading, statements from its stock and currency exchanges said. Yesterday, schools and offices were closed in several cities and counties in southern and eastern Taiwan, including in the key industrial port city of Kaohsiung. Taiwan, which started canceling flights, ship sailings and some train services earlier this week, has wind and rain advisories in place for much of the island. It regularly experiences typhoons, and in July shut offices and schools as
TECH PARTNERSHIP: The deal with Arizona-based Amkor would provide TSMC with advanced packing and test capacities, a requirement to serve US customers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is collaborating with Amkor Technology Inc to provide local advanced packaging and test capacities in Arizona to address customer requirements for geographical flexibility in chip manufacturing. As part of the agreement, TSMC, the world’s biggest contract chipmaker, would contract turnkey advanced packaging and test services from Amkor at their planned facility in Peoria, Arizona, a joint statement released yesterday said. TSMC would leverage these services to support its customers, particularly those using TSMC’s advanced wafer fabrication facilities in Phoenix, Arizona, it said. The companies would jointly define the specific packaging technologies, such as TSMC’s Integrated
An Indian factory producing iPhone components resumed work yesterday after a fire that halted production — the third blaze to disrupt Apple Inc’s local supply chain since the start of last year. Local industrial behemoth Tata Group’s plant in Tamil Nadu, which was shut down by the unexplained fire on Saturday, is a key linchpin of Apple’s nascent supply chain in the country. A spokesperson for subsidiary Tata Electronics Pvt yesterday said that the company would restart work in “many areas of the facility today.” “We’ve been working diligently since Saturday to support our team and to identify the cause of the fire,”
RSS