Starlux Airlines Co (星宇航空) aims to turn a profit next year by expanding its passenger operations to North American and Southeast Asian markets and by increasing its cargo business, CEO and general manager Glenn Chai (翟健華) told a news conference in Taipei yesterday.
The airline would offer new flights to Okinawa and Sapporo in Japan, as well as resume flights to Da Nang, Vietnam, at the end of next month to meet demand in the fourth quarter — a peak travel season, Chai said, adding that by that time, Starlux would be flying to a total of 13 destinations.
It would offer new flights between Taipei and Los Angeles from April and between Taipei and San Francisco in the second half of next year, he said.
Photo: CNA
It would also be using its wide-body aircraft on Asian routes, he said.
Soon after its launch in early 2020, Starlux’s operations were stalled by the COVID-19 pandemic and tight border controls worldwide.
With countries easing border controls, Starlux is upbeat about the outlook for global travel, especially with Taiwan also opening its borders soon, chairman Chang Kuo-wei (張國煒) said in a statement.
As of the end of June, global passenger demand had returned to about 70 percent of pre-pandemic levels, Chang said.
With the deliveries of new planes, Starlux’s fleet size would expand from 12 to 19, with 13 Airbus 321 Neo, four Airbus 330 Neo and two Airbus 350 jets, Chang said.
The airline aims to triple its capacity from a year earlier and double the number of flights in the fourth quarter from the third quarter, he said.
Addressing criticism that Taiwan’s market is too small to support a third airline — after China Airlines Ltd (中華航空) and EVA Airways Corp (長榮航空) — Chai said that Starlux would not solely rely on the domestic market, but also target transit, business and international passengers.
By leveraging Taiwan’s excellent location, the airline would develop its regional flying network in Asia and balance its operations in Northeast and Southeast Asia to sharpen its competitiveness, he said.
It would target about 1 billion transit passengers who transfer from North America to Southeast Asia, he said.
Ticket prices might be higher than they were in the past given inflation and anti-virus measures, but prices would primarily be determined by market demand and supply, Chai said.
The airline also plans to purchase cargo jets to boost its cargo business and would consider buying ATR aircraft for domestic operations, Chang said, while stressing that Starlux would focus on international flights.
“Domestic flights would come later, and they could cushion impact from unknown factors, such as a pandemic,” he said.
SECOND-RATE: Models distilled from US products do not perform the same as the original and undo measures that ensure the systems are neutral, the US’ cable said The US Department of State has ordered a global push to bring attention to what it said are widespread efforts by Chinese companies, including artificial intelligence (AI) start-up DeepSeek (深度求索), to steal intellectual property from US AI labs, according to a diplomatic cable. The cable, dated Friday and sent to diplomatic and consular posts around the world, instructs diplomatic staff to speak to their foreign counterparts about “concerns over adversaries’ extraction and distillation of US AI models.” Distillation is the process of training smaller AI models using output from larger, more expensive ones to lower the costs of training a powerful new
Shares of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) have repeatedly hit new highs, but an equity analyst said the stock’s valuation remains within a reasonable range and any pullback would likely be technical. The contract chipmaker’s historical price-to-earnings (P/E) ratio has ranged between 20 and 30, Cathay Futures Consultant Co (國泰證期) analyst Tsai Ming-han (蔡明翰) told Central News Agency. With market consensus projecting that TSMC would post earnings per share of about NT$100 (US$3.17) this year, supported by strong global demand for artificial intelligence (AI) applications, and the stock currently trading at a P/E ratio of below 25, Tsai said the valuation
The artificial intelligence (AI) boom has triggered a seismic reshuffling of global equity markets, with Taiwan and South Korea muscling past European nations one by one. With its stock market now valued at nearly US$4.3 trillion, Taiwan surpassed the UK, Europe’s biggest market, earlier this month, data compiled by Bloomberg showed. South Korea is about US$140 billion away from doing the same. The tech-heavy Asian markets have shot past Germany and France in the past seven months. The shift is largely down to massive gains in shares of three companies that provide essential hardware for AI: Taiwan Semiconductor Manufacturing Co (TSMC, 台積電),
The US Department of Commerce last week ordered multiple chip equipment companies to halt shipments of certain tools to China’s second-largest chipmaker, Hua Hong Semiconductor Ltd (華虹半導體), its latest action to slow the country’s development of advanced chips, two people familiar with the matter said. The department sent letters to at least a handful of companies informing them of restrictions on tools and other materials destined for two Hua Hong facilities US officials believe make China’s most sophisticated chips, the people said. Top US chip equipment companies Lam Research Corp, Applied Materials Inc and KLA Corp, each of which has significant