Cargo looking up for EVA and Ci
 

http://www.taipeitimes.com/News/biz/.../20/2003458968

Things may be looking up for these two airlines.


Robust cargo trade brings CAL, EVA back into black


STAFF WRITER, WITH CNA
Friday, Nov 20, 2009, Page 12
Robust air cargo business propelled turnover for Taiwan’s two leading carriers from deficits to profits last month, airline sources said yesterday.

China Airlines Ltd (CAL, 中華航空) said the company’s balance sheet went from red to black in late September, when air cargo shipment rates soared to 70 percent and continued to rise.

To meet increasing demand, it said, CAL put two mothballed cargo planes back into use last month and a third mothballed plane is scheduled to resume service by early next month.

In addition, fares for air cargo transport have soared by 40 percent since September — also helping shore up the company’s overall business turnover for last month, CAL said.

EVA Airways Corp (EVA, 長榮航空) also reported positive growth in its monthly business turnover for last month, thanks to rising air cargo business since the end of the third quarter.

“Business became even hotter in November, [despite] the number of flights across the Taiwan Strait failing to meet booking requirements,” EVA said.

Increased air cargo fares for US and European routes, up between 10 percent and 15 percent in recent days, have prompted the company to forecast an even brighter future for the fourth quarter.

CAL posted an after-tax deficit of NT$2.619 billion (US$81.1 million) in the third quarter, with its EPS (earnings per share) standing at negative NT$0.78, while EVA’s after-tax deficit totaled NT$2.219 billion, with an EPS of negative NT$0.95.

As a result of the global economic meltdown that began late last year, CAL posted an after-tax deficit of NT$4.985 billion for the first three quarters of this year, compared with EVA’s deficit of NT$3.901 billion for the same period.

well its a good time to lift the pay freeze at EVA AIR then........

Or not! Still a loss on paper, so those pesky pilot's have to give up their US$3 an hour for being on duty!!! Already happened at the subsidiary UNI AIR, they've now got this fantastic formula to calculate your per diem, "But Captain, you''ll still get the same, eventually", visa vie, never, but the abacus says so!!!

At least there's a few National's leaving for better jobs. Good on them. THey're showing some backbone. But these guys have so many cadets contracted for 15 years plus they don't give a flying f*ck. Literally.

i heard one cadet pulled the pin!! good for him, he's a pioneer. I hope the others wake up and smell, the smelly tofu of Nankan and and triple the their salary!!

It's called "Christmas Rush"; let's see what's going to be the headline next February.

Anyway, These November/December 2009 are far better than the same months in 2008.

Of course, the end of next January and February are gonna be low season for the chinese.

At least, some of the CAL's expat contracts have been renewed with local T&C. :ok:

We are less than 80 and counting down every month, the last one please switch the light off.

only 140 expats at EVA prison now, will be 130 by Jan, plus 6 cadets planning on pulling the pin fairly soon.:D

My friend, I don't know how much CAL is charging for the flights...but for the last couple of months we have much more cargo flights to USA than in the same period one year ago.

Moreover, most of those flights are with maximum payload, around 225 to 245,000 lbs...

So, I think that they are crying so the employees can not start complaining and asking an improvement in the salaries.
And, the bonus is coming...

Don't cry for me....:{:{:{