Egypt Tourism

Published on Wednesday, August 14, 2019

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%.

Story Image

Your Comments

, be the first to post a comment.
Your email:

Email other comments made to this story

NOTE: Comments are subject to admin approval before being posted.
  • stupid strike

    will mean many who went on strike, will now lose their jobs. How dumb can you get ?

    By Michael Anderson, Thursday, August 15, 2019

Mole Poll
'CAA issues 'mystery travel deals' warning' - Are they right to do so ?
YES 50.61 %
NO 49.39 %

Thank you for your vote


Move scroll bar (above) left to right for more videos!