Taiwan’s China Airlines narrows Q1 net loss to NT$1.11bn

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Taiwan's China Airlines has narrowed its attributable net loss to New Taiwan dollars (NT$) 1.11 billion ($37 million) in the first quarter of 2013 from NT$1.33 billion in the same period a year earlier.

The carrier's total service revenue for the quarter fell by 1.9% year on year to NT$30.9 billion, while other operating revenue decreased by 0.5% year on year to NT$2.15 billion.

Total operating expenses rose by 0.9% year on year to NT$2.6 billion, while the carrier's operating loss narrowed to NT$659 million from NT$1.94 billion compared with the same quarter a year earlier.