Starlux Airlines Turns Profitable in Q1, Plans NT$2 Billion Bond Issuance and 300 Million Share Capital Increase
Starlux Airlines announced its first-quarter results, turning profitable after two consecutive quarters of losses, with an earnings per share of NT$0.3. The company plans to issue NT$2 billion in unsecured convertible bonds and conduct a cash capital increase of 300 million common shares. Additionally, to support the introduction of three new A330-900 aircraft, Starlux will adopt a sale-and-leaseback model to enhance capital utilization efficiency.
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- 📰 Published: May 13, 2026 at 12:01
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Starlux Airlines has turned profitable in the first quarter, ending a two-quarter streak of losses with an earnings per share of NT$0.3. The airline announced plans to issue NT$2 billion in unsecured convertible bonds and a cash capital increase of 300 million common shares. Concurrently, to facilitate the introduction of three new A330-900 aircraft, the company will employ a sale-and-leaseback approach to improve capital utilization efficiency.
Starlux Airlines' board of directors approved the first-quarter financial report for 2026, showing a net profit after tax of NT$910 million, a gross profit margin of 20%, and an earnings per share (EPS) of NT$0.3. In the third and fourth quarters of last year, Starlux Airlines reported losses of NT$0.15 and NT$0.07 per share, respectively.
In the first quarter of 2026, Starlux Airlines' total revenue reached NT$13.76 billion, a year-on-year increase of 23%. Passenger revenue accounted for NT$11.305 billion, up 17% year-on-year. Starlux Airlines stated that strong travel demand during the Lunar New Year and winter break holidays, coupled with some passengers rerouting through Taiwan due to the conflict in the Middle East in mid-March, contributed to an overall load factor of 87% in the first quarter.
Regarding the cargo market, Starlux Airlines reported cargo revenue of NT$1.18 billion, an increase of 28% year-on-year. This growth was driven by stable shipments of electronic components and AI server-related products, as well as a shift of some sea freight orders to air cargo due to geopolitical influences in the Middle East, which boosted cargo capacity and maintained high freight rates.
Starlux Airlines also announced the issuance of NT$2 billion in domestic unsecured convertible bonds in 2026, with a maturity of 5 years. Furthermore, the company plans a cash capital increase of 300 million common shares to repay a portion of bank loans and optimize its financial structure.
In addition, to support the introduction of three new A330-900 aircraft, Starlux Airlines will utilize a sale-and-leaseback model through agreements with IBI Leasing and Taishin Daan Leasing. The lease rates are more favorable compared to foreign leasing companies, further enhancing overall capital utilization efficiency. (Editor: Yang Lanxuan) 1150513
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Starlux Airlines' board of directors approved the first-quarter financial report for 2026, showing a net profit after tax of NT$910 million, a gross profit margin of 20%, and an earnings per share (EPS) of NT$0.3. In the third and fourth quarters of last year, Starlux Airlines reported losses of NT$0.15 and NT$0.07 per share, respectively.
In the first quarter of 2026, Starlux Airlines' total revenue reached NT$13.76 billion, a year-on-year increase of 23%. Passenger revenue accounted for NT$11.305 billion, up 17% year-on-year. Starlux Airlines stated that strong travel demand during the Lunar New Year and winter break holidays, coupled with some passengers rerouting through Taiwan due to the conflict in the Middle East in mid-March, contributed to an overall load factor of 87% in the first quarter.
Regarding the cargo market, Starlux Airlines reported cargo revenue of NT$1.18 billion, an increase of 28% year-on-year. This growth was driven by stable shipments of electronic components and AI server-related products, as well as a shift of some sea freight orders to air cargo due to geopolitical influences in the Middle East, which boosted cargo capacity and maintained high freight rates.
Starlux Airlines also announced the issuance of NT$2 billion in domestic unsecured convertible bonds in 2026, with a maturity of 5 years. Furthermore, the company plans a cash capital increase of 300 million common shares to repay a portion of bank loans and optimize its financial structure.
In addition, to support the introduction of three new A330-900 aircraft, Starlux Airlines will utilize a sale-and-leaseback model through agreements with IBI Leasing and Taishin Daan Leasing. The lease rates are more favorable compared to foreign leasing companies, further enhancing overall capital utilization efficiency. (Editor: Yang Lanxuan) 1150513
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