Container airlines have announced revenue one following another, and Yang Ming (2609-TW) today (9) announced that the consolidated revenue for February was 33.251 billion yuan, a monthly decrease of 6.57% and an annual increase of 59.64%, a 5-month low, but still a new high for the same period.
Yang Ming pointed out that the overall operating volume in February was lower than that in January due to the Lunar New Year holiday and shipping schedule correction. However, the combined revenue in the first two months was 68.841 billion yuan, with an annual growth rate of 66.79%, reflecting the continued existence of the supply and demand gap, which made the average freight rate increase. Revenue rose sharply from a year earlier.
Looking ahead, following the outbreak of the Ukrainian-Russian war, many airlines suspended the collection of goods imported and exported from Ukraine and Russia in the Black Sea region. After that, the European Union imposed sanctions on Russia. Nordic ports implemented transshipment control on Russian import and export cargo, and the scope of the suspension also changed. Yang Ming believes that this may exacerbate the situation of tight supply and port congestion.
Yang Ming said that the factors affecting the market include the continued demand momentum in Europe and the United States, the renegotiation of long-term contracts in the United States, and the possible strikes caused by the labor-management negotiations at the US West Wharf, coupled with deepening geopolitical tensions, soaring international oil prices and concerns that global inflation will drag down the economic recovery. It is an uncertain factor affecting the future operation of airlines.
