Taiwan carriers cut routes
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Taiwan’s two major airlines, China Airline and EVA Airways, are planning to slash their services to cope with spiralling jet-fuel prices, Bloomberg reported. China Airlines is expected to axe 100 passenger flights, mainly to the U.S. and Asia, while EVA will cancel about 5% of its passenger services from September 1, including routes to Amsterdam, Los Angeles and Ho Chi Minh City.
“High oil prices have imposed great impact on CAL’s profitability. The flight reductions will continue until oil prices fall to an acceptable level,” CAL spokesman Bruce Chen was quoted saying by AFP.
But Chen was quoted saying that CAL’s flights to Europe remain unaffected “as fares of the European routes are in favour of the carrier.”
Due to rising fuel costs, China Airlines posted TM$2.97 billion (US$97.7 million) in net loss for the first quarter to March after recording a TM$2.52 billion net loss for 2007. EVA recorded a TW$2.29 billion deficit in the same period, Bloomberg said
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