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EVA Air Reports Strong Q3 Revenue Growth; Approves Major Aircraft Purchase

Taiwan
e 2618.TW Mid and Small Cap 2000
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EVA Air, a prominent airline, announced robust Q3 financials, with revenue surging by 51% to 53.263 billion yuan YoY. The net profit after tax stood at 5.958 billion yuan, with an earnings per share of 1.1 yuan. Cumulative revenue for the first three quarters registered an impressive 48% increase, totaling 146.298 billion yuan. EVA Air anticipates elevated fares as the new norm and projects improved operations for the upcoming year.

Passenger operation revenue in Q3 saw a remarkable annual increase of 285.4%, while cargo operation revenue declined by 54.3% YoY. The decline in cargo revenue is attributed to global economic uncertainties. EVA Air expects air cargo to gradually recover towards the end of the year.

In a historic move, EVA Air’s board approved a substantial aircraft purchase, totaling US$10.1 billion (approx. NT$325.3 billion). This acquisition includes 18 A350-1000s and 15 A321neo passenger aircraft, marking the largest purchase in EVA Air’s history. The new aircraft will be introduced from 2026 to 2032, further enhancing the airline’s capabilities for expanding its routes, particularly in North America.

The A350-1000, a cutting-edge wide-body passenger aircraft by Airbus, boasts an impressive range of up to 8,000 nautical miles, offering enhanced comfort for passengers. Meanwhile, the A321neo, Airbus’ favored narrow-body passenger aircraft, is set to upgrade EVA Air’s existing A321-200 fleet, providing operational efficiency.

EVA Air currently operates a fleet of 86 aircraft, with 14 new aircraft orders awaiting delivery. This includes 4 787-10s, 9 787-9s, and 1 777F freighter, all expected to be in service before 2027. These investments reflect EVA Air’s commitment to modernizing its fleet and meeting evolving industry demands.

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