China Airlines 'cautiously optimistic' on airline industry

“I remain cautiously optimistic on the airline industry,” CAL President Sun Hung-hsiang said during the company's annual market outlook press briefing.

Sun said the number of passengers traveling to and from Taiwan could grow by 8.5 percent this year, compared with a 4.5-percent global increase forecast by the International Air Transport Association.

According to the Ministry of Transportation and Communications, Taiwan's airports handled about 45.4 million local and foreign travelers in 2012, a 9.75-percent year-on-year growth.

Much of the 2013 growth could come from China, Sun said, citing tourism industry forecasts that the number of Chinese tourists to Taiwan could grow by 1 million to reach 3.5 million this year.

Although market performance in the cargo sector has remained slow, more pronounced growth is likely from the second quarter onward, he went on.

Local carriers handled 1.6 million metric tons of cargo last year, a 3.1-percent year-on-year decrease, according to the Transportation Ministry. Sun said he expects an overall 2-percent growth in the sector for the whole of 2013.

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