Total Travel Revenue Down 5.2% Year-on-Year, Aviation Tops
The Ministry of Transportation and Communications releases the Year 114 travel and transport industry survey report. With a booming travel market in Year 114 and continued growth in public transport ridership, transport-related industries and the travel industry are boosted. Total revenue of the overall travel and transport industry is NT$2.3277 trillion, down 5.2% from Year 113. The survey notes that the marine water transport industry had a high base of freight rates in Year 113 due to the Red Sea crisis and port congestion, plus halved non-operating investment income, which is the main reason for the decline in overall total revenue.
By industry, the aviation transport industry tops at 4714 hundred million yuan, up 2.0% year-on-year. Next is the marine water transport industry at 3505 hundred million yuan, down 36.1% year-on-year. The automobile freight transport industry is at 3441 hundred million yuan, up 3.0%. The postal industry is at 3047 hundred million yuan, down 8.3%. With a heated travel market and growing public transport volume, aviation and automobile freight maintain growth, while marine water transport and postal services decline, showing divergent industry performance.
Pre-Tax Surplus 3207 Hundred Million Yuan, Margin at 13.8%
After overall settlement, pre-tax surplus is 3207 hundred million yuan, down 33.9% from Year 113, with a pre-tax surplus margin of 13.8%. Among industries, other land transport industry has the highest margin at 45.1%, followed by the harbor industry at 43.1%, and marine water transport industry at 42.0%. The railway and MRT transport industry narrows losses from 5.4 billion yuan in Year 113 to 0.4 billion yuan, with losses narrowing sharply, while the inland river and lake water transport industry turns to losses.
Operating Surplus 1932 Hundred Million Yuan, Margin Rises to 9%
For operating results, in Year 114 overall travel and transport industry operating revenue is NT$2.1379 trillion, up 1.2% year-on-year, and operating expenses are NT$1.9447 trillion, up 1.1%. Operating revenue grows faster than operating expenses, driving overall operating surplus of 1932 hundred million yuan, up 2.3%. Among industries, the postal industry posts the largest increase in operating surplus at 5.6 billion yuan, followed by the railway and MRT transport industry at 4.0 billion yuan. The public bus passenger transport industry remains in loss, but with a narrower margin, while the inland river and lake water transport industry turns from surplus to loss.
Overall operating profitability is roughly flat with Year 113, with the operating surplus margin edging up 0.1 percentage points from 8.9% in Year 113 to 9.0%. Among industries, other land transport industry is highest at 42.8%, followed by the harbor industry at 39.0%. Compared with Year 113, other automobile passenger transport industry gains the most at 4.0 percentage points, followed by the travel and other related services industry at 3.8 percentage points. The loss rate of the public bus passenger transport industry narrows from 5.8% to 5.0%, while the inland river and lake water transport industry shifts from an operating surplus of 4.6% to a loss of 0.9%.