China Airlines narrows H1 2013 net loss to NT$1.17 billion

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Taiwan's China Airlines' (CAL) net loss narrowed to New Taiwan dollars (NT$) 1.17 billion ($39.5 million) in the first half of 2013 against a net loss of NT$1.52 billion in the same period a year ago.

CAL's total operating revenue for the first six months to 30 June tumbled 2.7% year on year to NT$67.3 billion.

The carrier reduced its net operating loss to NT$478 million from NT$1.95 billion a year ago. Its total operating costs for the January-June period decreased by 5.1% year on year to NT$62.4 billion.

For the second quarter of 2013, the airline's net loss narrowed to NT$71.4 million against a net loss of NT$290 million in the same quarter a year earlier.

CAL's total operating revenue for the three months, however, fell by 3.6% year on year to NT$34.2 billion.

The carrier's total operating costs declined by 4.5% year on year to NT$31.3 billion. It also swung to a net operating income of NT$181 million from a loss of NT$16 million in the same period last year.