Aviation Circle News The civil aviation authority in Taiwan, China announced on December 6 the operating conditions of seven airlines in Taiwan in the first three quarters of this year, among which EVA Air and made the most money, with a revenue of nearly 6.4 billion Taiwan dollars, while Xingyu Airlines lost money At most, the loss in the first three quarters reached 4.2 billion Taiwan dollars.
According to statistics, Taiwanese airlines that made profits in the first three quarters of this year include EVA Air 6.38 billion yuan, China Airlines 3.618 billion yuan, and Uni Air 196 million yuan. The remaining four airlines are all in the red Among them, Xingyu Airlines lost 4.22 billion yuan, Taiwan Tiger Airways lost 2.46 billion yuan, Mandarin Airlines lost 600 million yuan, and Dean Airlines lost 18.93 million yuan.
Starspace Airlines is the Taiwanese airline with the most serious losses. Starspace Airlines started sailing in January 2020. It just happened to encounter the outbreak of new crown pneumonia. The accumulated losses in the past two years have reached half of the capital. The civil aviation authority reminded to handle the capital increase. However In the first three quarters of this year, it still lost 4.22 billion yuan, and the accumulated loss so far is 11.16 billion yuan, which is about 60% of its capital of 18.11 billion yuan.
Taiwan's "Civil Aviation Administration" air transportation team leader Xie Jinmei said that Starspace Airlines will propose an improvement plan, whether it will increase capital or have other plans, it needs to continue to understand, and the civil aviation authority will also cooperate with accountants to understand the airline's operating conditions.
Xingyu Airlines responded that Xingyu Airlines’ 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 for the current 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. The company stated that the losses increased quarter by quarter because new aircraft were delivered one after another and increased operating costs. On October 13, Taiwan “unblocked” , which will help improve the performance in the fourth quarter, but due to the slow recovery after the unblocking, whether it can turn profitable within next year depends on the speed of subsequent recovery.
Xingyu’s revenue in the first half of this year was 632 million yuan, and its net loss after tax was 2.664 billion yuan. Passenger revenue in the third quarter was 439 million yuan, an annual increase of 527% and a quarterly increase of 170%, mainly due to the gradual loosening of border controls in Asian countries, and summer is the peak season for travel demand, resulting in a substantial increase in passenger revenue. In terms of cargo transportation, revenue in the third quarter was 290 million yuan, an annual increase of 169%, and a quarter-on-quarter increase of 63%. With the slowdown in the cargo market demand, Xingyu properly put wide-body aircraft into destinations with large demand for cargo volume, so that cargo revenue remained stable. Steady growth.
As the demand for passenger traffic strengthens, in December, Tokyo, Japan and Osaka, and began to increase flights. From January 20th, direct flights will be increased to two times a day, and other destinations will also provide stable flight services. At the same time, Xingyu is optimistic about the recovery of tourism next year. It is expected to open the Taipei-Hanoi route on January 13th and the Taipei-Hanoi route on January 17th. The Cebu route has made the Southeast Asian aviation network more dense, and the total capacity in January has increased by nearly 30%.
Xingyu Airlines plans to plan a fleet of 39 aircraft, including 13 Airbus A321neo, 18 A350, and 8 A330neo. In December this year, two Airbus A321neos are expected to be delivered. By then, all 13 A321neos will be in place. In addition, a new A350-900 has been intensively prepared since its introduction at the end of October. It is expected to make its debut in early 2023 and put it on regional routes. operation, greatly increasing transportation capacity and dispatch flexibility.