To welcome the retaliatory tourism wave after the epidemic, airlines’ performance in 2023 will explode. China Airlines (2610) recently announced on the 10th that its consolidated operating income in December was 16.164 billion yuan, the second highest in the same period in previous years. The cumulative consolidated revenue for 2023 was 184.819 billion yuan, a record high, with an annual growth rate of 22.62%. Passenger traffic increased by 60% year-on-year in December last year. China Airlines said that with the arrival of the Lunar New Year and winter holidays, flight booking rates during popular periods have reached more than 80%.
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China Airlines’ revenue in 2023 will reach a new high of 184.8 billion yuan, and 80% of the reservations for the Spring Festival have been filled.Picture/Provided by China Airlines
China Airlines recently announced on the 10th that the group’s consolidated operating income in December was 16.164 billion yuan, the second highest in the same period last year, an increase of 1.988 billion yuan, or 14.02%, compared with the same period last year. The cumulative consolidated revenue for 2023 was 184.819 billion yuan, a record high, with an annual growth rate of 22.62%.
China Airlines said that it is actively building its passenger network to meet the hot travel market by adding flights and resuming flights, resulting in a new revenue record in 2023. Passenger revenue in December was 9.837 billion yuan, an increase of 8.58% from the previous month and an increase from the same period last year. 3.701 billion yuan, an increase of 60.32%, of which Northeast Asia has the largest annual growth rate, and passenger performance in Oceania and Southeast Asia also contributes to revenue.
80% of reservations are available during popular periods during the Lunar New Year and Winter holidays
With the arrival of the Lunar New Year and winter vacation, the company said that the flight booking rate during popular periods has reached more than 80%. Northeast Asia is still the most popular among tourists, with Tokyo and Osaka exceeding 90%. Southeast Asia has booked flights on Bangkok and other routes. The rate is better, and the overall camp movement can be optimistic.
China Airlines’ cargo revenue was 5.175 billion yuan, an increase of 8.54% from the previous month. In December, year-end shopping demand in the European and American markets continued to be strong. The replenishment effect of cross-border e-commerce drove the growth of cargo volume. China Airlines flexibly adjusted the freighter capacity to expand the supply of various types of goods and temporary High-priced charter flights and efforts to maintain freight rates have resulted in an increase in overall cargo operations and unit income compared with the previous month.
China Airlines stated that although the market will face a temporary weakening after the 2024 New Year holiday, it is expected that the effect of replenishment of inventory will gradually increase on the eve of the Lunar New Year in Chinese areas. China Airlines will flexibly adjust its operating strategies according to market conditions to strive for increased revenue and profit opportunities.
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Yahoo Finance special correspondent Ye Yiru: 22 years of experience in mainstream financial media. From the Web1.0 bubble in 2000 to the Meta Yuanverse Web3.0, he has witnessed the rise and fall of Taiwan’s large and small enterprise groups and has experienced five international financial crises. We believe that finance is life and is everywhere. No matter how difficult financial knowledge is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money will not care about you.
2024-01-10 08:14:56
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