China Airlines Ltd (CAL, 中華航空) yesterday said that it would cancel its flights between Taiwan and Palau on Saturday, despite the Taiwan-Palau “travel bubble” arrangement, as only two people had booked seats.
“For the flight that is slated to fly from Taiwan to Palau on the afternoon of April 17, only two people purchased tickets, while no seats were sold for the flight that would return from Palau later on the same day,” CAL said in a statement.
Although the airline aims to support the travel bubble program, it cannot provide the service when so few passengers are on a flight, as it would not be economical, a CAL official told the Taipei Times by telephone.
Photo: CNA
Under the travel bubble arrangement, people must join tour groups offered by local travel agencies, but there was little chance of the agencies continuing to offer the tour departing on Saturday, the official said.
As only two passengers booked seats on the plane flying from Taiwan to Palau today, CAL canceled the bookings and would fly with no passengers, it said, adding that the move would reduce costs by allowing it to streamline the crew and the meals offered.
The flight from Palau to Taiwan today would fly as scheduled, because there would be 47 passengers aboard, it said.
CAL is the nation’s only carrier to provide regular service under the Taiwan-Palau travel bubble, with two flights on Wednesdays and two on Saturdays, but the flights depend on ticket sales, the airline added.
Under the travel bubble, the airline has so far flown eight flights with a total of 332 passengers, or an average passenger load factor of 26 percent, it said.
Although 26 percent is higher than the 15.95 percent that it saw in overall passenger operations in the first two months of the year, offering such flights is not economical, it said.
“Without the demand to transport cargo to Palau, CAL could not make up for the low passenger revenue with its cargo business,” the official said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, booked its first-ever profit from its Arizona subsidiary in the first half of this year, four years after operations began, a company financial statement showed. Wholly owned by TSMC, the Arizona unit contributed NT$4.52 billion (US$150.1 million) in net profit, compared with a loss of NT$4.34 billion a year earlier, the statement showed. The company attributed the turnaround to strong market demand and high factory utilization. The Arizona unit counts Apple Inc, Nvidia Corp and Advanced Micro Devices Inc among its major customers. The firm’s first fab in Arizona began high-volume production
VOTE OF CONFIDENCE: The Japanese company is adding Intel to an investment portfolio that includes artificial intelligence linchpins Nvidia Corp and TSMC Softbank Group Corp agreed to buy US$2 billion of Intel Corp stock, a surprise deal to shore up a struggling US name while boosting its own chip ambitions. The Japanese company, which is adding Intel to an investment portfolio that includes artificial intelligence (AI) linchpins Nvidia Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), is to pay US$23 a share — a small discount to Intel’s last close. Shares of the US chipmaker, which would issue new stock to Softbank, surged more than 5 percent in after-hours trading. Softbank’s stock fell as much as 5.4 percent on Tuesday in Tokyo, its
COLLABORATION: Softbank would supply manufacturing gear to the factory, and a joint venture would make AI data center equipment, Young Liu said Hon Hai Precision Industry Co (鴻海精密) would operate a US factory owned by Softbank Group Corp, setting up what is in the running to be the first manufacturing site in the Japanese company’s US$500 billion Stargate venture with OpenAI and Oracle Corp. Softbank is acquiring Hon Hai’s electric-vehicle plant in Ohio, but the Taiwanese company would continue to run the complex after turning it into an artificial intelligence (AI) server production plant, Hon Hai chairman Young Liu (劉揚偉) said yesterday. Softbank would supply manufacturing gear to the factory, and a joint venture between the two companies would make AI data
DOLLAR SIGNS: The central bank rejected claims that the NT dollar had appreciated 10 percentage points more than the yen or the won against the greenback The New Taiwan dollar yesterday fell for a sixth day to its weakest level in three months, driven by equity-related outflows and reactions to an economics official’s exchange rate remarks. The NT dollar slid NT$0.197, or 0.65 percent, to close at NT$30.505 per US dollar, central bank data showed. The local currency has depreciated 1.97 percent so far this month, ranking as the weakest performer among Asian currencies. Dealers attributed the retreat to foreign investors wiring capital gains and dividends abroad after taking profit in local shares. They also pointed to reports that Washington might consider taking equity stakes in chipmakers, including Taiwan Semiconductor