Aviation Circle The civil aviation authority in Taiwan announced the operating conditions of seven Taiwan airlines in the first three quarters of this year on December 6, among which EVA Air is the most profitable, with revenue of nearly NT$6.4 billion, while Star Air lost the most, with the loss amount of NT$4.2 billion in the first three quarters.
According to statistics, Taiwan-based airlines that made profits in the first three quarters of this year include EVA Airlines of 6.38 billion yuan, China Airlines of 3.618 billion yuan, and Lirong Airlines of .196 billion yuan. The other four airlines were in losses, including Star Air's loss of 4.22 billion yuan, Taiwan Tiger Airlines of 2.46 billion yuan, Huaxin Airlines of of 600 million yuan, and DeAn Airlines of 18.93 million yuan.
Star Aerospace is the Taiwan Airlines, which has the worst losses. Star Aerospace started sailing in January 2020 and happened to encounter the outbreak of new crown pneumonia. The accumulated losses in the first two years have reached half of the capital. The civil aviation authority reminded the handling of capital increase. However, the loss of 4.22 billion yuan in the first three quarters of this year has been 11.16 billion yuan so far, which is about 60% of its capital amount of 18.11 billion yuan.
Xie Jinmei, head of the air transport team of Taiwan's "Civil Aviation Administration", said that Star Aviation will propose improvement plans. Whether to increase capital or have other plans needs to be understood continuously. The civil aviation authority will also work with accountants to understand the operation status of the airline.
Star Aerospace responded that Star Aerospace's revenue from January to September this year was 1.394 billion yuan, an increase of 150% from 557 million yuan in the same period last year, and the net loss after tax this period was 4.228 billion yuan. The company's losses in the first three quarters of this year were 1.216 billion yuan, 1.448 billion yuan and 1.564 billion yuan respectively. The company said that the increase in losses quarter by quarter was due to the continuous delivery of new aircraft and increased operating costs. Taiwan's "unlocked" on October 13 will help improve the performance in the fourth quarter. However, due to the slow recovery after the unblocking, whether it can turn profits next year depends on the subsequent recovery speed.
Xingyu's revenue in the first half of this year was 632 million yuan, and the net loss after tax was 2.664 billion yuan. Passenger transport revenue in the third quarter was 439 million yuan, an annual increase of 527% and a quarterly increase of 170%, mainly due to the continuous relaxation of border controls in Asian countries and the summer season is the peak season for travel demand, which has led to a significant increase in passenger transport revenue. In terms of freight, revenue in the third quarter was 290 million yuan, an annual increase of 169% and a quarterly increase of 63%. As demand in the freight market slowed down, Xingyu properly invested wide-body aircraft in a waypoint with large demand for cargo, so that freight revenue still grew steadily.
As passenger demand becomes stronger, in December, , Tokyo and , Osaka, , Japan, began to increase flights, and the overall number of flights increased by about 30% compared with November. Immediately in order to usher in the peak season of the Lunar New Year, Macau and , Bangkok, , increased to two direct flights per day from January 10 and January 20 respectively. The other flights also provide stable flight services. At the same time, Xingyu is optimistic about tourism recovery next year. It is expected that the Taipei-Hanoi route will be opened on January 13 and the Taipei-Cebu route will be opened on January 17, making Southeast Asia Airlines more dense, and the total transportation capacity in January will grow by nearly 30%.
Star Aerospace is scheduled to be planned to have a fleet of 39 aircraft, including 13 Airbus A321neo, 18 A350, and 8 A330neo. Two Airbus A321neo are expected to be delivered in December this year, and all 13 A321neo will be in place by then. In addition, a new A350-900 aircraft has begun to be prepared and operated in full swing since it was introduced at the end of October. It is expected to be unveiled at the beginning of 2023 and put into regional route operations, significantly increasing transportation capacity and dispatch flexibility.
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