The nation’s major airlines predicted that their operations would deteriorate until next quarter after the Central Epidemic Command Center yesterday increased travel advisories for 97 countries to level 3 “warning” due to the COVID-19 pandemic.
EVA Airways Corp (長榮航空) said that it would not halt its international flights, even though almost all of its destinations were included in the list.
“We will cut flights and adjust our flight schedule, but we will not stop our operations completely, as we believe that there would still be essential travel, such as Taiwanese returning home,” EVA spokesman David Chen (陳耀銘) told the Taipei Times by telephone.
A government ban on entry by foreign nationals that begins today would negatively affect EVA’s business, but it would comply with the center’s instructions, he said.
Revenue is likely to drop next quarter, given that ticket sales from flights to the US and Canada accounted for 38 percent of total revenue last year, while those from services to Europe made up 12 percent, company data showed.
EVA, which has five cargo aircraft, would continue to concentrate on its cargo business to offset the declining passenger ticket sales, but it has not considered using passenger jets to transport cargo, Chen said.
“It would not be smart economically, as a passenger jet can only carry goods in its hold, so its capacity would be much smaller than that of a cargo airplane. The fuel efficiency is low,” he said.
China Airlines Ltd (華航) said that it would check all foreign travelers’ documents from today, while those without an Alien Resident Certificate or special entry permit would not be allowed to board.
The state-owned airline, with 18 Boeing 747 cargo aircraft, would also rely on its cargo business to weather the COVID-19 crisis, saying that it has asked some pilots who used to fly Boeing 747 passenger jets to fly the cargo variants.
China Airlines’ board of directors yesterday approved a plan not to distribute any cash dividend this year, after the carrier reported a net loss of NT$1.2 billion (US$39.6 million) for last year.
In a statement, the carrier attributed the results to a decreasing number of tourists from China and canceled flights amid protests in Hong Kong.
The demise of the coal industry left the US’ Appalachian region in tatters, with lost jobs, spoiled water and countless kilometers of abandoned underground mines. Now entrepreneurs are eyeing the rural region with ambitious visions to rebuild its economy by converting old mines into solar power systems and data centers that could help fuel the increasing power demands of the artificial intelligence (AI) boom. One such project is underway by a non-profit team calling itself Energy DELTA (Discovery, Education, Learning and Technology Accelerator) Lab, which is looking to develop energy sources on about 26,305 hectares of old coal land in
Taiwan’s exports soared 56 percent year-on-year to an all-time high of US$64.05 billion last month, propelled by surging global demand for artificial intelligence (AI), high-performance computing and cloud service infrastructure, the Ministry of Finance said yesterday. Department of Statistics Director-General Beatrice Tsai (蔡美娜) called the figure an unexpected upside surprise, citing a wave of technology orders from overseas customers alongside the usual year-end shopping season for technology products. Growth is likely to remain strong this month, she said, projecting a 40 percent to 45 percent expansion on an annual basis. The outperformance could prompt the Directorate-General of Budget, Accounting and
Netflix on Friday faced fierce criticism over its blockbuster deal to acquire Warner Bros Discovery. The streaming giant is already viewed as a pariah in some Hollywood circles, largely due to its reluctance to release content in theaters and its disruption of traditional industry practices. As Netflix emerged as the likely winning bidder for Warner Bros — the studio behind Casablanca, the Harry Potter movies and Friends — Hollywood’s elite launched an aggressive campaign against the acquisition. Titanic director James Cameron called the buyout a “disaster,” while a group of prominent producers are lobbying US Congress to oppose the deal,
Two Chinese chipmakers are attracting strong retail investor demand, buoyed by industry peer Moore Threads Technology Co’s (摩爾線程) stellar debut. The retail portion of MetaX Integrated Circuits (Shanghai) Co’s (上海沐曦) upcoming initial public offering (IPO) was 2,986 times oversubscribed on Friday, according to a filing. Meanwhile, Beijing Onmicro Electronics Co (北京昂瑞微), which makes radio frequency chips, was 2,899 times oversubscribed on Friday, its filing showed. The bids coincided with Moore Threads’ trading debut, which surged 425 percent on Friday after raising 8 billion yuan (US$1.13 billion) on bets that the company could emerge as a viable local competitor to Nvidia