AIRLINE NEWS
Monday, June 09, 2008
China Airlines to cut flights amid fuel price rises
China Airlines, one of Taiwan's leading international carriers, announced Saturday it would be cutting back its monthly flights by ten percent. The move has been brought about by the pressure of rising oil prices.
The airline is to cut around 100 passenger and 50 cargo flights from June. A spokesman for the airlines said the flight reductions would remain in place until oil prices fall to "an acceptable level." The airline said however that its flights to Europe would remain unaffected.
Due to rising fuel costs, China Airlines posted net losses of almost 100 million US dollars for the first quarter of this year. That's greater than the airline's net loss for the whole of 2007.
Source: english.rti.org.tw
The airline is to cut around 100 passenger and 50 cargo flights from June. A spokesman for the airlines said the flight reductions would remain in place until oil prices fall to "an acceptable level." The airline said however that its flights to Europe would remain unaffected.
Due to rising fuel costs, China Airlines posted net losses of almost 100 million US dollars for the first quarter of this year. That's greater than the airline's net loss for the whole of 2007.
Source: english.rti.org.tw
Labels: china airlines, fuel, taiwan
