Reported 11 months ago
Starlux Airlines Chairman Chang Kuo-wei declared at the shareholders' meeting that 2024 would mark their last year of losses and aims to achieve profits in the billions within the year, surpassing China Airlines and EVA Air within a decade. This statement has significantly driven up the stock price, with a 23% increase in two days, exceeding China Airlines' stock price and nearing EVA Air's. Starlux recently signed a contract to purchase A350F cargo planes and anticipates delivery starting in 2027. Despite being the off-season for airlines, their revenue for May 2024 hit a record high of 25.99 billion NTD, with a 52% year-on-year growth rate.
Source: YAHOO