EVA Air in the red in 2020, while China Airlines remains profitable
Taiwan’s two major carriers — China Airlines and EVA Air — reported contrasting financial results for the year ended 31 December 2020. In separate stock exchange disclosures, EVA Air plunged into the red for the full year, while compatriot China Airlines remained profitable despite a slowdown caused by the pandemic. EVA Air reported an operating loss of NT$827m ($29.1m), reversing the NT$9.44b profit it disclosed in 2019. The carrier halved its full-year revenue to NT$89b. EVA Air ended 2020 with lower cash and cash equivalents, at NT$40.9b. This compares to the NT$51.5b it began the year with. Meanwhile, China Airlines reported an operating profit of NT$2.18b for the year, representing an 18% decline year on year.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-03-23/star/eva-air-in-the-red-in-2020-while-china-airlines-remains-profitable
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EVA Air in the red in 2020, while China Airlines remains profitable
Taiwan’s two major carriers — China Airlines and EVA Air — reported contrasting financial results for the year ended 31 December 2020. In separate stock exchange disclosures, EVA Air plunged into the red for the full year, while compatriot China Airlines remained profitable despite a slowdown caused by the pandemic. EVA Air reported an operating loss of NT$827m ($29.1m), reversing the NT$9.44b profit it disclosed in 2019. The carrier halved its full-year revenue to NT$89b. EVA Air ended 2020 with lower cash and cash equivalents, at NT$40.9b. This compares to the NT$51.5b it began the year with. Meanwhile, China Airlines reported an operating profit of NT$2.18b for the year, representing an 18% decline year on year.<br/>
