TransAsia Airways (復興航空) expects revenues to continue growing in the third quarter with the launch of more routes for direct charter flights this month and next, the company said yesterday.
The international carrier will launch charter flights between Hualien and Zhengzhou, the capital of China’s Henan Province, on Monday, with one flight per week, the company said, adding that it had already started weekly charter flights between Hualien and Hefei, the capital of Anhui Province, on Wednesday last week.
“These flights will be more convenient for local passengers living in the eastern part of Taiwan and will also help the company attract more Chinese passengers interested in visiting Hualien or Taitung,” a company public relations specialist, who declined to be named, said by telephone.
Besides charter flights to China, TransAsia recently restarted charter flights to Japan. On Monday, the carrier commenced flights between Taiwan Taoyuan International Airport and Kushiro Airport in Hokkaido, following its earlier resumption of flights to Hakodate and Asahikawa, also in Hokkaido, in May, the company said.
The carrier expects the expansion of charter flights during the summer vacation to drive up revenues in the third quarter, the specialist said.
Charter flights accounted for about 10 percent of the company’s overall revenues.
TransAsia posted NT$4.07 billion (US$141.14 million) in revenues in the first half of this year, up 5.01 percent from a year earlier, company data showed.
Net profit totaled NT$130.41 million in the first quarter, or earnings of NT$0.27 per share, data showed. The company has not yet released second-quarter results.
UNCERTAINTY: Innolux activated a stringent supply chain management mechanism, as it did during the COVID-19 pandemic, to ensure optimal inventory levels for customers Flat-panel display makers AUO Corp (友達) and Innolux Corp (群創) yesterday said that about 12 to 20 percent of their display business is at risk of potential US tariffs and that they would relocate production or shipment destinations to mitigate the levies’ effects. US tariffs would have a direct impact of US$200 million on AUO’s revenue, company chairman Paul Peng (彭雙浪) told reporters on the sidelines of the Touch Taiwan trade show in Taipei yesterday. That would make up about 12 percent of the company’s overall revenue. To cope with the tariff uncertainty, AUO plans to allocate its production to manufacturing facilities in
TAKING STOCK: A Taiwanese cookware firm in Vietnam urged customers to assess inventory or place orders early so shipments can reach the US while tariffs are paused Taiwanese businesses in Vietnam are exploring alternatives after the White House imposed a 46 percent import duty on Vietnamese goods, following US President Donald Trump’s announcement of “reciprocal” tariffs on the US’ trading partners. Lo Shih-liang (羅世良), chairman of Brico Industry Co (裕茂工業), a Taiwanese company that manufactures cast iron cookware and stove components in Vietnam, said that more than 40 percent of his business was tied to the US market, describing the constant US policy shifts as an emotional roller coaster. “I work during the day and stay up all night watching the news. I’ve been following US news until 3am
Taiwan will prioritize the development of silicon photonics by taking advantage of its strength in the semiconductor industry to build another shield to protect the local economy, National Development Council (NDC) Minister Paul Liu (劉鏡清) said yesterday. Speaking at a meeting of the legislature’s Economics Committee, Liu said Taiwan already has the artificial intelligence (AI) industry as a shield, after the semiconductor industry, to safeguard the country, and is looking at new unique fields to build more economic shields. While Taiwan will further strengthen its existing shields, over the longer term, the country is determined to focus on such potential segments as
COLLABORATION: Given Taiwan’s key position in global supply chains, the US firm is discussing strategies with local partners and clients to deal with global uncertainties Advanced Micro Devices Inc (AMD) yesterday said it is meeting with local ecosystem partners, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), to discuss strategies, including long-term manufacturing, to navigate uncertainties such as US tariffs, as Taiwan occupies an important position in global supply chains. AMD chief executive officer Lisa Su (蘇姿丰) told reporters that Taiwan is an important part of the chip designer’s ecosystem and she is discussing with partners and customers in Taiwan to forge strong collaborations on different areas during this critical period. AMD has just become the first artificial-intelligence (AI) server chip customer of TSMC to utilize its advanced
RSS