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STARLUX Airlines plans dividends from 2026
September 27th 2024
Earlier this week, Taiwan’s newest full-service carrier, STARLUX Airlines, said it hoped to eliminate cumulative losses and begin paying dividends to shareholders in 2026 as it capitalizes on Taiwan's expanding role as a transit hub, Taiwan’s Central News Agency (CNA) reports. Read More » At an earnings announcement, the company said additional paid-in capital from its stock market listing in the fourth quarter of this year will allow it to clear cumulative losses of around NT$8.15 billion (US$255 million), STARLUX chair, Chang Kuo-wei, said. He added the carrier intends to operate from Taipei Taoyuan Airport’s Terminal 3 in 2027. “Once Terminal 3 is completed, additional airport slots will be released that will ease current high demand and benefit newer airlines by allowing them to expand their route maps,” Chang said. Taiwan’s transit market potential has been “vastly underestimated”, he added. At present, neither Indonesia with its population of 270 million or Thailand with its “massive” middle class, have direct flights to North America, making Taiwan an ideal transfer location, STARLUX CEO, Chai Chien-hua said.
