StarLux Airlines posts record revenue but a first-half loss on soaring jet fuel prices
StarLux Airlines pulled in record revenue but still lost money in the first half of the year, a bad result driven by fuel costs, though strong travel demand keeps the bigger picture healthy.
- Revenue jumped 30% to a record high, showing strong demand from both passengers and cargo.
- The airline still ended the half with a net loss and a small loss per share.
- The problem was fuel: jet fuel prices soared during the Iran-US conflict, more than doubling from a year earlier and pushing costs sharply higher.
- StarLux just won a license to run airport ground services, giving it a new business line at Taoyuan airport.
Outlook: Demand looks solid, so profits should recover if fuel prices ease, while the new ground-handling business adds a fresh revenue stream.