EVA Airways second quarter profit almost wiped out by strike
Taiwan carrier EVA Airways has reported a huge dip in net profit for the second quarter, mostly due to a cabin crew strike this summer.
Profit sunk by 98% to NT$33 million (US$1.05 million) compared to last year’s NT$1.91 billion.
It was the lowest for nine quarters.
Profit was almost all but wiped out as EVA was forced to pay NT$805 million to compensate disrupted passengers, as well as increased non-operating expenses, the airline said.
It lost NT$2.11 billion in revenue as the strike dragged on for 10 days, forcing the cancellation of 469 flights.
Overall, it reported 2019 first half net profit of NT$1.94 billion, which is a down 42% year on year.
Despite the strike woes, it still performed better than rival China Airlines, which posted first half losses of NT$686 million as non-operating expenses surged by more than 150%.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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