Focus Taiwan
Date: 05/13/2020
By: Tsai Peng-min and Frances Huang

Taipei, May 13 (CNA) EVA Airways, one of the major international carriers in Taiwan, on Wednesday reported a net loss of more than NT$1.2 billion (US$40.13 million) for the first quarter of the year, citing slow demand due to the COVID-19 coronavirus pandemic.

In a statement, EVA Air said it suffered a net loss of NT$1.221 billion in the January-March period, compared with a net profit of NT$1.91 billion in the same period last year.

With those figures, the company posted a first-quarter loss per share of NT$0.25, plunging from an earnings per share of NT$0.40 in the first three months of 2019.

The carrier said its consolidated sales for the first quarter of 2020 plummeted 31.8 percent from a year earlier to NT$30.23 billion, with revenue generated by passenger flights in the first quarter down 28.1 percent year-on-year to NT$18.64 billion, as the pandemic forced lockdowns in many countries.    [FULL  STORY]