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China Airlines losses widen to NT$940.3 mln in Q1

May. 2, 2012 (China Knowledge) - China Airlines Ltd, the largest air carrier in Taiwan, has announced that it recorded a loss of NT$940.3 million in the fourth quarter of this year, after suffering a loss of NT$379.1 million in the same period of 2011.

The widened loss was in part because of higher operating costs, which rose 4.4% year on year to NT$30.86 billion in the period, and to lower exchange gains.

The company/s revenue climbed 1.8% year on year to NT$30.88 billion in the first three months.

EVA Airways co, the island's second-largest airlines, said earlier that it swung to a loss of NT$1.08 billion, in the first quarter, duo to an increase in operating costs. The company booked a net profit of NT$269.3 million in the first quarter of 2011.

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