Taiwan`s Top-3 Airlines` Profits Soar in First Seven Months

Taiwan`s top-three airlines, including China Airlines Ltd. (CAL), EVA Airways Corp. and Trans Asia Airways Ltd., all enjoyed exponential growth in after-tax earnings in the first seven months of this year.

CAL, Taiwan`s No.1 airline, posted over NT$2 billion in after-tax earnings, or NT$0.5 in per-share earnings, in July alone. Institutional investors believe CAL and EVA will each be able to challenge NT$2 in EPS for the first seven months, realizing outstanding profitability in the third quarter. Trans Asia said it registered NT$0.7 in pre-tax earnings per share in the first seven months.

Trans Asia, 48.5% of which is held by Goldsun Construction & Development, scored NT$850 million in July sales, for a historic high. An institutional investor estimates Trans Asia registered NT$500 million in pretax earnings in the first seven months, who will be able to challenge NT$800 million in pretax earnings, or NT$2 in earnings per share, on total sales of NT$8 billion in 2010.

CAL raked in NT$13.239 billion in July sales, for a monthly new record, with passenger service sales shooting up 20% to NT$7.684 billion in July from the previous month`s NT$6.385 billion. The company is expected to see after-tax earnings reach NT$6.2 billion in the first half.

EVA saw July sales hit NT$9.826 billion, for a historic high, of which NT$5.559 billion came from passenger service sales.

A market analyst notes the three airlines will see exponential growth in earnings in the third quarter due to rising passenger traffic during the summer vacation.

(by Ben Shen)



Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  เปลี่ยนแปลง )

Google+ photo

You are commenting using your Google+ account. Log Out /  เปลี่ยนแปลง )

Twitter picture

You are commenting using your Twitter account. Log Out /  เปลี่ยนแปลง )

Facebook photo

You are commenting using your Facebook account. Log Out /  เปลี่ยนแปลง )


Connecting to %s

%d bloggers like this: