TAIWAN’S China Airlines and EVA Airways have revealed shrinking cargo growth that overshadows their growing passenger business.
China Airlines reports NT$10.9bn (US$372.1m) in revenue, up 2.5 per cent from 2011. This is largely thanks to an 8.9 per cent year-on-year boost from its passenger business, up to NT$6.8bn ($228.4m). However, cargo sales fell 9.6 per cent over the same period to NT$3.5bn ($119m) due to weak demand.
EVA Airways is suffering a similar trend, with NT$8.5bn ($286.6m) in revenue, an increase of 0.7 per cent from the previous year. Passenger revenue was up 9.5 per cent to NT$5bn ($167.2m), but cargo sales plummeted 12.8 per cent to NT$2.9bn ($96.9m).
On the bright side, CAL spokesman Hamilton Liu says falling oil prices are encouraging and mean the airline has decided not to park more freighters for the rest of the year.