Originally Posted by
CX HK
They did manage to finally turn a profit in 2023 (which is no mean feat - just look at VS) so hopefully they can continue to survive and thrive. They are definitely a value add in the Asian aviation scene, though I really do wonder how the Taiwanese market will look with 3 full service airlines.
The profit was derived from after tax refunds. If you deduct those tax refunds then they were at an operation loss.
I fully expect CI to lose money this year as the pax operation increases the cost goes up (while ticket prices are not as good as last year). JX might still make money after tax return but their operation is going to be on a minus as well. Taiwanese are never tired with visiting Japan, but with the Yen going strong, the future is not so good on the Japanese routes next year.
BR will make money, especially with those monopoly routes on IAH and YYZ. A R/T Economy ticket to these places from TPE is like USD 2-2,500 if you don't buy in advance, crazy.