EVA Airways Corp.


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Mar 27, 2017
Prev close: 16.15
Mar 27, 2017
Market cap:
Market cap(USD):
Shares: 4,051.89M

Currency in TWD

Company profile

Market(Ticker): TAI(2618)
Full time employees: 11,092

Business summary

EVA Airways Corp. engages in the operation of an international air transportation business. It operates through the following segments: Aviation Transportation, Maintenance, and Catering Service. The Aviation Transportation segment involves aviation transportation of passengers and cargo. The Maintenance segment focuses on maintenance of aircraft, engine, and aircraft parts. The Catering Service segment provides catering service. The company was founded by Chang Yung Fa in March 1989 and is headquartered in Taoyuan, Taiwan.

Company background

Founded in 1989 by Taiwanese tycoon Chang Yung-fa, EVA Airways is Taiwan's second-largest carrier after government-controlled China Airlines. It is a unit of the transportation conglomerate Evergreen Group, which is controlled by the Chang family. The conglomerate includes Evergreen Marine, Taiwan's largest sea freight transporter.

EVA is a member of Star Alliance, the global airline network. It operates flights to major destinations in Asia, Europe, North America and Oceania. EVA mostly relies on Airbus A321 and Boeing 777 planes for long-haul flights and depends on routes to North America, South Asia and Japan for revenue growth.

Passenger flights account for close to 70% of the company's revenue, while cargo services contribute about 25%. Catering, ground handling and other air travel-related services generate the rest of EVA's income.

EVA is popular in Taiwan because of its pristine flight safety record and Hello Kitty jets, particularly on the Japan routes.

Incumbent EVA Chairman Chang Kuo-wei is the youngest son of Yung-fa. He has a master's degree in economics from California State University, Long Beach.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 137,168.54M
Gross profit 19,515.87M
Operating income 9,205.24M
Income before tax 7,234.01M
Net income 6,436.42M
EBITDA 22,188.28M
Diluted EPS 1.60
Dividends per share 0.28
Total assets 195,406.31M
Total liabilities 140,678.79M
Total equity 48,858.81M
Operating cash flow 25,339.74M

Currency in TWD

Revenue 4,319.71M
Gross profit 614.59M
Operating income 289.89M
Income before tax 227.81M
Net income 202.69M
EBITDA 698.75M
Diluted EPS 0.05
Dividends per share 0.00
Total assets 5,948.98M
Total liabilities 4,282.85M
Total equity 1,487.46M
Operating cash flow 797.99M

Currency in USD

Valuation measures

Dec 2015

PER 11.00
ROA 3.54%
ROE 15.46%
Operating margin 6.71%
Profit margin 4.69%

Key executive

  • President: Hsien-Hung Chen
  • Senior Vice President-Operation Management: Chin Lung Hsiao
  • Executive Vice President-Finance: Ta Wei Tsai
  • Executive Vice President-Flight Operation: Ping Yu Yuen
  • Executive Vice President-Flight Safety Division: Ching Sheng Ho

Share holders

  • Evergreen Marine Corp. (Taiwan) Ltd.(16.3%)
  • Evergreen International Corp.(12.1%)
  • ZHANG JUNG FA(2.9%)
  • The Vanguard Group, Inc.(1.6%)
  • BlackRock Fund Advisors(1.2%)
  • Dimensional Fund Advisors LP(1.0%)
  • Norges Bank Investment Management(0.5%)
  • APG Asset Management NV(0.3%)
  • BlackRock Advisors (UK) Ltd.(0.3%)


  • Website:
  • Address: 376 Hsin-Nan Road, Section 1, Taoyuan, 33801, Taiwan
  • Phone: +886.3.351.5151

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