China Airlines Ltd (CAL, 中華航空) on Friday posted its highest first-quarter net profit, which it attributed strong travel demand during the Lunar New Year holiday and the winter vacation.
The airline recorded a net profit of NT$4.66 billion (US$153.75 million) in the January-to-March period, a 36.54 percent year-on-year increase, with earnings per share rising from NT$0.51 a year earlier to NT$0.69, CAL said in a statement.
CAL said it generated NT$52.77 billion in consolidated sales, up from NT$48.65 billion a year earlier.
Photo courtesy of China Airlines Ltd
The boom in passenger flights in the post COVID-19 era also continued into the quarter, with passenger revenue reaching NT$32.69 billion, up 12.3 percent from the previous quarter, it said.
CAL said that it plans to capitalize on the expected strong demand during summer vacation by increasing the number of round-trip flights to destinations such as Takamatsu and Kagoshima in Japan, Seoul and Busan in South Korea, Vienna, Jakarta and Ho Chi Minh City.
The airline currently provides the most number of flights to Europe and Australia among Taiwanese carriers.
Meanwhile, CAL said that revenue from cargo services rose 27.46 percent year-on-year to NT$15.69 billion, boosted by its expanded services to meet the growing demand for air cargo services.
In response to the US’ new tariffs, CAL said it has adjusted its cargo flight schedules, while optimizing its cargo flight portfolio in a bid to enhance competitiveness and maintain the bottom line of its cargo operations.
CAL said it last week signed an agreement to purchase at least 14 Boeing Co 777X jets — 10 777-9 passenger jetliners and four 777-8F freighters — and that it has the option to buy an additional nine Boeing aircraft.
It expects the delivery of its first Boeing 777X aircraft in 2030, it said.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat
RSS