Taipei, STARLUX Airlines (2646) reported total revenue of NT$ 3.10 billion, representing exceptional growth of 10% month-over-month (MoM) and 48% year-over-year (YoY), marking the highest revenue for the month of October. Passenger revenue reached NT$ 2.59 billion, representing an 12% MoM and 41% YoY growth, indicating a steady increase in passenger revenue.
In October, cargo revenue reached NT$ 353 million, representing an 149% YoY growth. Demand in the U.S. market remained strong, benefiting from high cargo volume and stable freight rates, which reached an all-time high for the seventh consecutive month.
STARLUX Airlines announced its financial results for the third quarter of 2024. From January to September, total cumulative revenue reached NT$ 25.93 billion, representing 62% YoY growth. Net profit rose by 389% YoY to NT$ 1.54 billion, or NT$ 0.64 per share, an increase of 300% compared to the same period last year. This strong financial performance was mainly driven by the recovery in demand for air travel and continued low global oil prices.
In terms of fleet, STARLUX Airlines plans to introduce two new A350-900s by the end of this year, bringing the total fleet size to 26 aircraft. STARLUX Airlines also continues to expand its presence in central Taiwan and introduced an additional A321neo at Taichung International Airport in October. In addition, STARLUX Airlines officially launched the Taichung – Phu Quoc Island route on October 27, offering daily flights, and will inaugurate the Taichung – Okinawa route with four weekly flights from December 2, further expanding travel options for passengers in central and southern Taiwan.
STARLUX Airlines plans to increase the Taipei – Los Angeles route to ten weekly flights by December 22. In response to the high demand during the winter season and Lunar New Year, STARLUX Airlines will increase the Taipei – Chiang Mai route to daily flights from January 15 to February 28 next year. Additionally, STARLUX is actively preparing to launch the Taipei – Kobe route in the first half of next year.