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.
TECH TITANS: Amazon’s latest chip joins Google in competing for the 90 percent market share held by Nvidia, which claims it is ‘a generation ahead of the industry’ Amazon Web Services (AWS) on Tuesday launched its in-house-built Trainium3 artificial intelligence (AI) chip, marking a significant push to compete with Nvidia Corp in the lucrative market for AI computing power. The move intensifies competition in the AI chip market, where Nvidia dominates with an estimated 80 to 90 percent market share for products used in training large language models that power the likes of ChatGPT. Google last week caused tremors in the industry when it was reported that Facebook-parent Meta Platforms Inc would employ Google AI chips in data centers, signaling new competition for Nvidia. This followed the release last month of
INSULATED: The company said it is less exposed to global complications, as it has built a strong footprint worldwide, and has multiple sources of rare earths and raw minerals Merck Group yesterday said it would ramp up production next year at its new flagship facility in Kaohsiung’s Lujhu District (路竹) to satisfy growing demand for advanced semiconductor materials and specialty gases, and to address supply resilience issues amid mounting geopolitical risks. Merck made the remarks during a news conference before the inauguration of its 500 million euros (US$582.1 million) facility, which is also to supply other markets in the Asia-Pacific region, it said. Merck executive board deputy chair and electronics CEO Kai Beckmann told reporters the company adopted a “local-for-local” strategy about seven years ago to address the cycle time of
Two companies wholly owned by the daughter of the founder of Hon Hai Precision Industry Co (鴻海精密) on Monday reported to the Taiwan Stock Exchange that they would dispose of all of the Hon Hai shares they hold. In filings with the exchange, Hong Wei Investment Co (鋐維) said it would sell the 2.771 million Hon Hai shares it holds and Frontier Investment Corp (承鋒投資) said it would sell its 2.409 million Hon Hai shares from tomorrow until Jan. 3 next year. The two companies are wholly owned and chaired by Shirley Gou (郭曉玲), the eldest daughter of Hon Hai founder Terry
RIDING THE WAVE: The race to build AI infrastructure has lifted the valuations of top memory makers, such as Micron, amid dwindling inventories and supply challenges Micron Technology Inc is to spend ￥1.5 trillion (US$9.6 billion) to build a plant in western Japan to make memory chips for artificial intelligence (AI) applications, the Nikkei reported on Saturday. The move comes as Micron seeks to diversify advanced chip production outside of Taiwan, the Nikkei article said, citing people familiar with the matter. The new factory will manufacture high-bandwidth memory (HBM) chips, a key component for working with AI processors such as those made by Nvidia Corp, the report said. Micron would build the facility within the compound of its Hiroshima plant, starting in May next year, with plans to launch
RSS