China Airlines Ltd (CAL, 中華航空) and EVA Airways Corp (長榮航空) on Monday reported record revenue for last month on the back of higher ticket prices and rising demand for air travel.
CAL’s revenue rose 42.13 percent year-on-year to NT$17.54 billion (US$560.03 million) last month, which was also 21.22 percent higher than the previous month.
CAL said the record revenue last month came as its passenger revenue totaled NT$12.25 billion, also the highest in a single month and eight times higher than a year earlier, as more tourists flew overseas during the four-day Dragon Boat Festival holiday.
Photo: Tony Yao, Taipei Times
By region, the airline reported rapid growth in demand for flights to northeast Asia and Oceania last month.
CAL said it has an upbeat outlook for the summer, as booking across all regions for this month and next month has surpassed 80 percent.
The airline would particularly focus on direct flights from Taiwan to North America and Europe, as these routes have a higher margin, it said.
CAL’s cargo revenue last month fell 58 percent year-on-year to NT$4.28 billion, as a global economic slowdown curbed demand for air shipping.
Cargo demand would likely stabilize in the second half of this year if inventory woes facing businesses end soon, it added.
In the second quarter, revenue rose 28.05 percent from a year earlier to NT$47.18 billion, 10.54 percent higher than the previous quarter, it said.
Cumulative revenue in the first half of the year was NT$89.88 billion, up 21.33 percent annually and the highest for the period, company data showed.
EVA Airways’ revenue last month surged 59.38 percent year-on-year and 11.89 percent month-on-month to NT$17.64 billion, the best monthly performance in the company’s history.
The airline attributed the results to robust passenger revenue, which surged 9.85-fold from a year earlier to NT$12.7 billion, or 16.94 percent higher than a month earlier.
The average load factors for Taiwan-to-US and Taiwan-to-Europe flights were above 90 percent last month, while flights between Taiwan and destinations in Southeast Asia, Hong Kong and Macau were above 80 percent, which were the main reasons for its robust growth in passenger revenue in the month, EVA said.
The airline’s second-quarter revenue came in at NT$48.61 billion, up 45.84 percent annually and 9.42 percent sequentially, hitting the highest level on a quarterly level, while its cumulative revenue in the first six months was NT$93.04 billion, up 46.69 percent from a year earlier, company data showed.
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