China Airlines, flag carrier of the Republic of China on Taiwan, and EVA Airways, Taiwanese airline, are the latest to apply capacity cuts to offset the rising jet fuel costs. China Airlines is axing 100 passengers flights a month and EVA Air is supposed to cut 5% of its passenger flights from Sept 1 to Dec 1.
From Bloomberg -
“The airlines follow Qantas Airways Ltd., China Southern
Airlines Co. and other Asia-Pacific carriers in announcing cuts
after surcharges failed to cover surging jet-fuel costs. Higher
ticket prices have also helped damp travel demand, with Taiwanese
residents making 0.8 percent fewer flights overseas in the first
quarter than a year earlier.“
