TransAsia Airways Corp (復興航空), a Taiwanese carrier focusing on regional passenger routes in Asia, expects revenue next year to grow 30 percent from a year earlier, as it continues to launch new routes, a company official said yesterday.
Sales could surpass NT$10 billion (US$343.6 million) next year, marking the highest in the company’s history. The airline posted NT$8.74 billion in revenue last year.
In the first 11 months of the year, TransAsia posted sales of NT$8.68 billion, up 8.29 percent from a year earlier, company data showed.
“TransAsia is entering an expansion period,” chief commercial officer Chooi Yee-choong (徐以聰), who joined the management team in the middle of last month, told a media briefing.
The airline welcomed its first A330-300 aircraft last month, with the plane set to make its maiden flight from Taipei to Singapore on Dec. 30, Chooi said.
After taking delivery of its second A330-300 aircraft from France-based Airbus SAS next month, TransAsia is looking to launch more regional services in Asia next year, he added.
The carrier is looking to open routes to Bangkok and Tokyo, Chooi said, adding that at least one new route would be launched in the first half of next year.
TranAsia hopes to commence flights between Taiwan Taoyuan International Airport and Tokyo’s Narita International Airport in the near future, he said.
It may also consider launching flights between Taipei International Airport (Songshan airport) and Tokyo’s Haneda Airport, he added.
For its current operational routes — to Macau, South Korea, Singapore, China and Japan — Chooi said the carrier hoped to increase its flight frequency if it could obtain additional quotas.
Chooi was optimistic about revenue growth momentum in the current quarter amid the increase in capacity, saying sales were in line with company expectations.
“The fourth quarter is not bad ... year-end demand is holding up well,” he said.
The airline also unveiled its early bird offers for budget travelers in the Asia-Pacific region, part of its strategy to expand its market share.
The special promotions are only available online and applicable between March and October next year. They cannot be used during the summer break, the Tomb-Sweeping Festival in early April and the Mid-Autumn Festival in late September, it added.
SELL-OFF: Investors expect tariff-driven volatility as the local boarse reopens today, while analysts say government support and solid fundamentals would steady sentiment Local investors are bracing for a sharp market downturn today as the nation’s financial markets resume trading following a two-day closure for national holidays before the weekend, with sentiment rattled by US President Donald Trump’s sweeping tariff announcement. Trump’s unveiling of new “reciprocal tariffs” on Wednesday triggered a sell-off in global markets, with the FTSE Taiwan Index Futures — a benchmark for Taiwanese equities traded in Singapore — tumbling 9.2 percent over the past two sessions. Meanwhile, the American depositary receipts (ADRs) of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the most heavily weighted stock on the TAIEX, plunged 13.8 percent in
A wave of stop-loss selling and panic selling hit Taiwan's stock market at its opening today, with the weighted index plunging 2,086 points — a drop of more than 9.7 percent — marking the largest intraday point and percentage loss on record. The index bottomed out at 19,212.02, while futures were locked limit-down, with more than 1,000 stocks hitting their daily drop limit. Three heavyweight stocks — Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), Hon Hai Precision Industry Co (Foxconn, 鴻海精密) and MediaTek (聯發科) — hit their limit-down prices as soon as the market opened, falling to NT$848 (US$25.54), NT$138.5 and NT$1,295 respectively. TSMC's
ASML Holding NV, the sole producer of the most advanced machines used in semiconductor manufacturing, said geopolitical tensions are harming innovation a day after US President Donald Trump levied massive tariffs that promise to disrupt trade flows across the entire world. “Our industry has been built basically on the ability of people to work together, to innovate together,” ASML chief executive officer Christophe Fouquet said in a recorded message at a Thursday industry event in the Netherlands. Export controls and increasing geopolitical tensions challenge that collaboration, he said, without specifically addressing the new US tariffs. Tech executives in the EU, which is
In a small town in Paraguay, a showdown is brewing between traditional producers of yerba mate, a bitter herbal tea popular across South America, and miners of a shinier treasure: gold. A rush for the precious metal is pitting mate growers and indigenous groups against the expanding operations of small-scale miners who, until recently, were their neighbors, not nemeses. “They [the miners] have destroyed everything... The canals, springs, swamps,” said Vidal Britez, president of the Yerba Mate Producers’ Association of the town of Paso Yobai, about 210km east of capital Asuncion. “You can see the pollution from the dead fish.
RSS