China Airlines (2610) held its shareholders' meeting today (28th), where Chairman Kowin H. Ko stated that despite ongoing challenges in the global aircraft supply chain, the airline has stabilized its capacity through lease extensions and new leases. By flexibly integrating passenger and cargo operations, and employing a strategy of "steady layout and precise layout," the airline is actively seizing opportunities for growth in the aviation market, demonstrating resilience in the face of market and geopolitical uncertainties.

China Airlines forecasts a 2024 individual revenue of NT$175.182 billion, an increase of 8.35% year-on-year, with a net profit after tax of NT$14.383 billion and an earnings per share (EPS) of NT$2.38, achieving historical highs for both revenue and profit. The first quarter of 2025 also maintains growth momentum, with consolidated revenue and net profit after tax increasing by 8.48% and 36.54%, respectively, compared to the same period last year.

In its outlook for operations in 2025, China Airlines is optimistic about the continued recovery in the passenger market. The airline is adding flights from Taipei to Tokyo, Takamatsu, Kagoshima, Ishigaki, and Busan while solidifying capacity in North America and deepening its presence in Europe and the Australian market. The appreciation of the New Taiwan Dollar is favorable for boosting summer season bookings, combined with falling oil prices, is expected to "significantly enhance profitability."

In the cargo sector, the airline benefited from renewed market demand in the first quarter of this year, which boosted both volume and rates. China Airlines is also flexibly adjusting its regional flight network according to changes in export demand to balance cost management and revenue enhancement.

Additionally, the airline is actively advancing fleet updates, having completed the reception of 10 Boeing 777F freighters and the delivery of 17 Airbus A321neo narrowbody passenger aircraft. It aims to complete the delivery of all 28 aircraft by 2027. Further, it will continue to receive 24 Boeing 787 wide-body aircraft and has signed contracts for the procurement of 10 A350-1000, 10 777-9, and 4 777-8F, with delivery starting in 2029.

To enhance product capabilities and service experience, China Airlines will upgrade the cabins of 15 A350-900 aircraft and equip the 787 with the latest seating, high-definition entertainment systems, and Wi-Fi connectivity to further improve the overall flying experience.

China Airlines' shareholders' meeting approved the financial report and profit distribution plan for 2024, deciding on a cash dividend of NT$0.79 per share. General Manager James Chen also mentioned that the trend of international oil prices continues to ease and the appreciation of the New Taiwan Dollar will help airlines control operating costs and enhance profitability.