China Airlines has announced a record-breaking revenue of NT$203.88 billion (US$6.27 billion) for the year 2024, marking a 10.31% increase compared to the previous year. The airline also reported a new high in net profit, reaching NT$14.38 billion.
Passenger revenue for 2024 amounted to NT$127.92 billion, reflecting a 10.54% rise from 2023. In addition to its revenue growth, China Airlines expanded its route network by launching direct flights to Seattle and resuming flights to Kagoshima, Japan. Starting March 30, the airline will also increase its services between Taipei and several cities, including Seoul, Busan, Vienna, Jakarta, and Ho Chi Minh City. Furthermore, flights between Kaohsiung and Tokyo will be exclusively operated using the A321neo aircraft, and flights between Kaohsiung and Chongqing will resume in April.
The airline’s cargo revenue grew by 6.24%, supported by an increase in e-commerce and electronic product shipments starting in the second quarter of last year. To strengthen its cargo operations, China Airlines plans to introduce 10 additional 777F freighters this year. The airline launched a new cargo route to Toronto in February and continues to operate the largest domestic freighter fleet in Taiwan.
In February 2024, the airline generated NT$16.04 billion in revenue, the second-highest for that month in its history. Cargo revenue for February totaled NT$4.52 billion, marking a 23.67% year-on-year increase. During the ski season, load factors for flights to Tokyo, Sapporo, and Seoul exceeded 90%, with strong bookings expected for the cherry blossom season in March and April.
Other Taiwanese carriers also reported positive figures for February. EVA Air recorded NT$16.68 billion in revenue, a 0.67% year-on-year increase. Its passenger revenue reached NT$11.09 billion, while cargo revenue totaled NT$3.66 billion. Starlux Airlines reported a 19% increase in February revenue, reaching NT$3.41 billion, with passenger revenue rising 15%. Tigerair Taiwan saw a 12.7% year-on-year revenue increase, totaling NT$1.53 billion.
Stay tuned to The Asia Review for further updates on this story.
