China Airlines Ltd (CAL, 中華航空) yesterday reported combined revenue of NT$37.69 billion (US$1.18 billion) for the third quarter, the highest quarterly figure this year, on the back of recovering passenger revenue.
Third-quarter sales from passenger operations increased 7.5 times from NT$680 million a year earlier to NT$5.78 billion as an announcement that border controls would be eased boosted demand for air travel, CAL said in a statement.
“We provided more flights last month, and saw rapid growth in demand for flights to Northeast Asia as well as Oceania, while demand for flights to Europe and North America slowed,” CAL said.
Photo: CNA
The airline’s passenger load factor averaged about 46 percent last quarter, up from 17 percent a year earlier, as 400,700 passengers flew with it last quarter, 12 times the 28,881 passengers in the same period a year earlier, the company said.
However, cargo revenue declined 9.2 percent year-on-year to NT$28.29 billion last quarter as inflation, inventory issues and rate hikes affected demand for air transportation, CAL said.
In light of the recovery of air travel, CAL plans to increase its flights by 50 percent by offering more than 300 weekly flights, including 130 weekly flights to Northeast Asian countries, up from 30, it said.
Last week, EVA Airways Corp (長榮航空) reported that its third-quarter revenue rose 40 percent year-on-year to NT$31 billion as rising passenger revenue offset its declining cargo business.
Its passenger load factor ranged from 56 to 68 percent last quarter, up from an average of 19 percent a quarter earlier, EVA said.
In the first nine months of this year, CAL reported an annual gain of 22 percent in its cumulative revenue to NT$111 billion, while EVA registered an annual rise of 41 percent in revenue to NT$98 billion, the companies’ data showed.
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