EVA Air president expects stronger cargo performance in first quarter

2012 04 07


THE head of Taiwan's EVA Air is confident that the company's performance has picked up in the first quarter of 2012 after volumes handled by its air freight business were boosted by shipments of the new iPad tablet and its passenger business experienced growing demand.

"We are very upbeat about our general performance, which was better than in Q4 last year," said EVA Airways president Chang Kuo-wei, reported Taiwan's China News Agency.

Speaking on the sidelines of a ceremony to bring the carrier into the Star Alliance, Mr Chang was cited as saying that air freight volume has been recovering after suffering a decline last year on the back of weaker demand for electronic devices.

Mr Chang expects EVA's affiliation with the 26-member alliance will lead to greater business after it comes into effect in 2013.

"The synergy effect is likely to be reflected in both our accessibility and expansion of customer base," he said. He expects passenger traffic will rise by one-fifth after EVA joins the alliance, the report said.

According to Mr Chang, EVA's involvement in the Star Alliance will enable the airline to expand its global network coverage to 1,345 destinations in 191 countries.

On the other hand, the key factor in whether the carrier will turn a profit this year will be the rise in fuel prices, as fuel expenses account for 40 per cent of the carrier's operating costs.

Source Shipping Gazette - Daily Shipping News
 

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