China Airlines reported record first-nine-months results, with consolidated revenue of NT$185.94 billion, operating profit of NT$15.774 billion, after-tax net profit of NT$12.624 billion, net profit attributable to the parent company of NT$11.002 billion, and earnings per share of NT$1.8. Both revenue and profit set new highs for the first nine months of a year. Third-quarter revenue reached NT$65.125 billion, net profit NT$4.929 billion, and earnings per share NT$0.72, also records for a third quarter.
Passenger revenue drove the result. First-nine-months passenger revenue was NT$106.786 billion, up 14.35% year on year, and third-quarter passenger revenue was NT$36.542 billion, up 22.4%, boosted by summer holiday travel demand. The airline added Airbus A350-900s and A321neos this year to grow capacity, its Boeing 787s are about to be delivered, and 18 A350-900s will be retrofitted starting next year.
Cargo was the other engine. First-nine-months cargo revenue was NT$62.908 billion, up 29.16% year on year, driven by high-value cargo such as AI servers and semiconductor equipment, while third-quarter cargo revenue was NT$22.729 billion, up 37.47%. Looking to the fourth quarter, the airline expects the year-end shopping season in Europe and the United States to drive restocking of general cargo and e-commerce goods, supporting continued strong air cargo demand.