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.
Hon Hai Precision Industry Co (鴻海精密) yesterday said that its research institute has launched its first advanced artificial intelligence (AI) large language model (LLM) using traditional Chinese, with technology assistance from Nvidia Corp. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), said the LLM, FoxBrain, is expected to improve its data analysis capabilities for smart manufacturing, and electric vehicle and smart city development. An LLM is a type of AI trained on vast amounts of text data and uses deep learning techniques, particularly neural networks, to process and generate language. They are essential for building and improving AI-powered servers. Nvidia provided assistance
GREAT SUCCESS: Republican Senator Todd Young expressed surprise at Trump’s comments and said he expects the administration to keep the program running US lawmakers who helped secure billions of dollars in subsidies for domestic semiconductor manufacturing rejected US President Donald Trump’s call to revoke the 2022 CHIPS and Science Act, signaling that any repeal effort in the US Congress would fall short. US Senate Minority Leader Chuck Schumer, who negotiated the law, on Wednesday said that Trump’s demand would fail, while a top Republican proponent, US Senator Todd Young, expressed surprise at the president’s comments and said he expects the administration to keep the program running. The CHIPS Act is “essential for America leading the world in tech, leading the world in AI [artificial
DOMESTIC SUPPLY: The probe comes as Donald Trump has called for the repeal of the US$52.7 billion CHIPS and Science Act, which the US Congress passed in 2022 The Office of the US Trade Representative is to hold a hearing tomorrow into older Chinese-made “legacy” semiconductors that could heap more US tariffs on chips from China that power everyday goods from cars to washing machines to telecoms equipment. The probe, which began during former US president Joe Biden’s tenure in December last year, aims to protect US and other semiconductor producers from China’s massive state-driven buildup of domestic chip supply. A 50 percent US tariff on Chinese semiconductors began on Jan. 1. Legacy chips use older manufacturing processes introduced more than a decade ago and are often far simpler than
Gasoline and diesel prices this week are to decrease NT$0.5 and NT$1 per liter respectively as international crude prices continued to fall last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. Effective today, gasoline prices at CPC and Formosa stations are to decrease to NT$29.2, NT$30.7 and NT$32.7 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while premium diesel is to cost NT$27.9 per liter at CPC stations and NT$27.7 at Formosa pumps, the companies said in separate statements. Global crude oil prices dropped last week after the eight OPEC+ members said they would
RSS