newstodate.aero
SEP 18, 2003 (newstodate): During this year's H1, air cargo contributed no less than 48 percent of China Airlines' total revenues.
Revenues from the period January-June totalled NT$33 billion, of which revenue from passenger traffic, down by 31.4 percent year-on-year, was NT$15 billion.
Revenues from the airline's cargo business accrued NT$16 billion in the first six months, up 6.4 percent compared with the same period last year.
Fuel hedging, low interest rates, lower rates for airports and utilities, and the reduction of flights during the SARS-affected period all helped CAL's cost-control efforts. In the first half of 2003, operational costs were 7.2 percent lower than the same period last year.
The airline sees postive proscpets for the remainder of 2003. Cargo operations continue to expand. In August, traditionally marking the beginning of the high season for freight operations, cargo revenue increased 9.3 percent, compared with the same month last year.
Revenues from the period January-June totalled NT$33 billion, of which revenue from passenger traffic, down by 31.4 percent year-on-year, was NT$15 billion.
Revenues from the airline's cargo business accrued NT$16 billion in the first six months, up 6.4 percent compared with the same period last year.
Fuel hedging, low interest rates, lower rates for airports and utilities, and the reduction of flights during the SARS-affected period all helped CAL's cost-control efforts. In the first half of 2003, operational costs were 7.2 percent lower than the same period last year.
The airline sees postive proscpets for the remainder of 2003. Cargo operations continue to expand. In August, traditionally marking the beginning of the high season for freight operations, cargo revenue increased 9.3 percent, compared with the same month last year.