The price of domestic air tickets should be lowered in response to the falling price of aviation fuel, the Consumers’ Foundation said yesterday.
The foundation recommended that ticket prices be lowered by 18 percent, saying the cost of aviation fuel, which accounts for 40 percent of an airline’s total costs, had fallen as much as 45 percent from an average price of NT$29.27 per liter in the second half of last year to NT$16.09.
The Taipei-based Consumers Foundation said local airline operators, which hiked their ticket prices in June 2005 when international crude oil prices were on the rise, had made no mention of lowering their prices, even though the price of aviation fuel was now lower than it had been at the time of the hikes, when a liter of fuel cost NT$16.49.
For example, a full-price ticket from Taipei to Kinmen offered by UNI Airways Corp (立榮航空), a subsidiary of Taiwan-based EVA Air Corp (長榮航空), now cost NT$2,200, or NT$204 more than three years ago, the foundation said.
The foundation suggested that the price of a ticket from Taipei to Penghu be lowered to between NT$1,468 and NT$1,681, from NT$1,790 and NT$2,050 at present.
Flights to Kinmen should be cut to between NT$1,712 and NT$1,820 per ticket, from between NT$2,088 and NT$2,220, while flights to Matsu should cost NT$1,609 per ticket, it said.
Zhang Yazhou was sitting in the passenger seat of her Tesla Model 3 when she said she heard her father’s panicked voice: The brakes do not work. Approaching a red light, her father swerved around two cars before plowing into a sport utility vehicle and a sedan, and crashing into a large concrete barrier. Stunned, Zhang gazed at the deflating airbag in front of her. She could never have imagined what was to come: Tesla Inc sued her for defamation for complaining publicly about the vehicles brakes — and won. A Chinese court ordered Zhang to pay more than US$23,000 in
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its investment plan in Arizona is going according to schedule, following a local media report claiming that the company is planning to break ground on its third wafer fab in the US in June. In a statement, TSMC said it does not comment on market speculation, but that its investments in Arizona are proceeding well. TSMC is investing more than US$65 billion in Arizona to build three advanced wafer fabs. The first one has started production using the 4-nanometer (nm) process, while the second one would start mass production using the
A TAIWAN DEAL: TSMC is in early talks to fully operate Intel’s US semiconductor factories in a deal first raised by Trump officials, but Intel’s interest is uncertain Broadcom Inc has had informal talks with its advisers about making a bid for Intel Corp’s chip-design and marketing business, the Wall Street Journal reported, citing people familiar with the matter. Nothing has been submitted to Intel and Broadcom could decide not to pursue a deal, according to the Journal. Bloomberg News earlier reported that Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is in early talks for a controlling stake in Intel’s factories at the request of officials at US President Donald Trump’s administration, as the president looks to boost US manufacturing and maintain the country’s leadership in critical technologies. Trump officials raised the
From George Clooney to LeBron James, celebrities in the US have cashed in on tequila’s soaring popularity, but in Mexico, producers of the agave plant used to make the country’s most famous liquor are nursing a nasty hangover. Instead of bringing a long period of prosperity for farmers of the spiky succulent, the tequila boom has created a supply glut that sent agave prices slumping. Mexican tequila exports surged from 224 million liters in 2018 to a record 402 million last year, according to the Tequila Regulatory Council, which oversees qualification for the internationally recognized denomination of origin label. The US, Germany, Spain,