The carrier says in a statement that net loss amounted to $51 million in the six months to 30 June, compared to a net loss in the same period last year of $25.5m. Operating revenue fell to $1.34bn from $1.36bn, while operating costs fell to $1.29bn from $1.34bn.
EVA says the weaker results were mainly due to a drop in cargo demand. Cargo revenue fell 9.9% year-on-year, though passenger revenue increased 6% despite a 3% capacity reduction, however. An 81% passenger load factor was recorded and yield improved 6.6%.
Operating losses were reduced to $60.73m from $78.26m, mainly because of a drop in fuel expenses attributed in part to capacity reductions. It says net loss widened in part because of a lack of an exchange gain, lower fuel hedging revenue and lower contributions from subsidiaries.
Asian Aerospace pages
Source: Flight Daily News
