[fusion_builder_container hundred_percent=”no” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” overlay_color=”” video_preview_image=”” border_color=”” border_style=”solid” padding_top=”” padding_bottom=”” padding_left=”” padding_right=”” type=”legacy”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”true” min_height=”” hover_type=”none” link=”” border_sizes_top=”” border_sizes_bottom=”” border_sizes_left=”” border_sizes_right=”” first=”true” type=”1_1″][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” font_size=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” line_height=”” letter_spacing=”” text_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]
EVA Air cargo revenues rebound Q1 losses
EVA Airways reported a smaller net loss in the second quarter than in the first, as solid demand for cargo services helped offset a decline in passenger volume amid the Covid-19 pandemic.
In a statement, EVA Air said the steep decline in passenger flight revenue was offset by a 137 percent year-on-year jump in cargo services income to NT$14.34 billion in the second quarter. According to reports, EVA Air benefited from strong demand for the delivery of high-tech devices and personal protective equipment in the three month period.
In a statement, EVA Air posted NT$614 million in net loss for the second quarter, or NT$0.13 in loss per share, compared with NT$1.2 billion in net loss, or a loss per share of NT$0.25, in the first quarter. The company’s earnings per share in the second quarter of 2019 was NT$0.01.
EVA Air cargo turnover up with close to 71%
As the Covid-19 pandemic continued to cripple the global airline industry, EVA Air’s consolidated sales fell 56 percent in the second quarter from a year earlier to NT$19.29 billion, with its revenue from passenger flights plunging 93.6 percent year-on-year to NT$1.52 billion, according to the statement.
Meanwhile, the airline reported a net loss of NT$1.83 billion, or NT$0.38 per share, for the first six months of the year, compared with NT$1.94 billion, or NT$0.40 per share, over the same period of 2019.
The carrier’s consolidated sales in the first half of the year dropped 44 percent year-on-year, with revenue from its passenger flights falling 59.6 percent from the previous year to NT$20.17 billion, while its revenue from cargo services climbed 70.7 percent to NT$20.72 billion.
Photo: Eliyahu Yosef Parypa / Shutterstock.com
[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]