Reported 8 months ago
As the summer travel peak season is approaching in mid-June, EVA Air (2618) is proactively preparing for the holiday season with a steady stock price at around 37 NTD, supported by institutional buying. In anticipation of the summer travel rush, a peak season surcharge of $25 USD will be imposed starting from July 1, with an estimated 80% average load factor for the second quarter, and improved booking rates and ticket prices in the third quarter due to the summer holiday factor. In May, EVA Air's revenue reached 18.085 billion NTD, increasing by 1.21% monthly and 14.74% annually, aiming towards its goal of breaking the 200 billion NTD annual revenue mark. Foreign institutions believe that the aviation cargo market is entering a new cycle and the high ticket prices can lead to high profits, prompting an increase in EVA Air's target price and a shift from neutral to buying rating. The introduction of their ninth 777F freighter in May drove cargo revenue growth, with the cargo air transport showing promising future prospects.
Source: YAHOO