Chang Kuo-wei: If Airlines Were So Profitable, Even Jensen Huang Could Start One

Central News Agency (Taipei, 29th) STARLUX Airlines Chairman Chang Kuo-wei addressed employee year-end bonuses and financial operations at the annual shareholders' meeting today. Chang stated that STARLUX has only been flying for three and a half years and its achievements are remarkable, arguing that comparing its profits to competitors is unfair. He remarked, "If airlines were so easy to profit from, there would be no need for Chang Kuo-wei to do it; Jensen Huang could also start one." Chang noted that STARLUX has high investment costs, making it difficult to match the benefits of competitors. While acknowledging the strong post-pandemic performance of China Airlines and EVA Air, he urged stakeholders not to be self-deprecating. Chang pointed out that excluding pandemic losses, STARLUX has a surplus of 200 million TWD, which is a significant achievement for a company of its age. Regarding international perception, he stated that the industry is difficult to manage and he remains focused despite local criticism. He also clarified that the sale-leaseback model for A330-900 aircraft is a standard financial strategy, not a sign of financial distress. Regarding the progress of joining the 'oneworld' alliance, he explained that as a young company, they are currently focusing on partnerships with individual members like Alaska Airlines and American Airlines.