Taiwanese carriers swing back to profitability as revenues rise
Taiwan’s two largest carriers — China Airlines and EVA Air — were back in the black for the third quarter of the year, helped by a steady increase in revenue. EVA Air swung to an operating profit of NT$2.3b. This compares to the NT$1.3b loss it made in 2020. It saw revenue increase 40% year on year to NT$25.8b, while expenses rose 21% to NT$21.5b. The Star Alliance carrier disclosed an attributable profit of nearly NT$1.5b, reversing the NT$⅛b net loss in 2020. Story also details China Airlines results. Neither carrier provided a management notes or an earnings forecast for their latest financial results. In previous quarters, both carriers pointed to strong cargo performance as a key factor in boosting their earnings. <br/>
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Taiwanese carriers swing back to profitability as revenues rise
Taiwan’s two largest carriers — China Airlines and EVA Air — were back in the black for the third quarter of the year, helped by a steady increase in revenue. EVA Air swung to an operating profit of NT$2.3b. This compares to the NT$1.3b loss it made in 2020. It saw revenue increase 40% year on year to NT$25.8b, while expenses rose 21% to NT$21.5b. The Star Alliance carrier disclosed an attributable profit of nearly NT$1.5b, reversing the NT$⅛b net loss in 2020. Story also details China Airlines results. Neither carrier provided a management notes or an earnings forecast for their latest financial results. In previous quarters, both carriers pointed to strong cargo performance as a key factor in boosting their earnings. <br/>
