Starlux Airlines Co., Ltd. · TWSE:2646
Starlux Airlines — Starlux Airlines 2025 Investor Conference
31 slides from Starlux Airlines's conference presentation, Dec 22, 2025
Slide 1: Starlux Airlines 2025 Investor Conference
Stock Symbol：2646 Starlux Airlines 2025 Investor Conference
Slide 2: Legal Disclaimer
• This presentation contains certain forward-looking statements and projections based on the Company’s current internal information and external macroeconomic conditions. Such statements are subject to risks and uncertainties, and actual results may differ materially. • The information herein does n
Slide 3: Agenda
Agenda 1. Industry Overview 2. Operating Performance 3. Sustainability 4. Business Strategy & Outlook
Slide 4: Industry Overview
Industry Overview
Slide 5: Global Passenger Market
Industry Overview Global Passenger Market Regional contribution to industry annual RPK growth 1. Asia-Pacific led global passenger growth, contributing nearly 50% of total expansion. 2. 2025 Q3 Asia-Pacific • Passenger traffic YoY: +5.8% • Capacity YoY: +4.9% Source: IATA 5
Slide 6: Global Cargo Market
Industry Overview Global Cargo Market International CTK by airline region of registration, YoY,% 1. Global international cargo volume rose 4.1% YoY in 2025 Q3, reaching a record high. 2. Asia-Pacific international CTK increased 9.5% YoY, extending Q2 growth momentum. Source: IATA 6
Slide 7: Taoyuan International Airport
Industry Overview Taoyuan International Airport 2019 2024 ～2025.10 PAX Number: PAX Number: PAX Number: 48.69 million 44.92 million 39.43 million (YoY + 6%) Global ranking 13th 2025 expected to approach pre- Cargo Volume: COVID performance 2.18 million tons Cargo Volume: 2.27 million tons Cargo Volum
Slide 8: Operating Performance
Operating Performance
Slide 9: Performance
Operating Performance Operating Per formance Unit: NT$ 100 million Items 2025/Q1-Q3 2024/Q1-Q3 Net Operating revenue 326.97 259.27 Operating revenue increased Passenger Revenue 265.42 226.08 26% YoY. Cargo Revenue 35.76 21.17 In Q2 and Q3, tariff uncertainty, the Other Revenue 25.79 12.02 major eart
Slide 10: Revenue and Passenger L/F
Operating Performance Operating Revenue and Passenger L/F Continued expansion of operating scale, with positive YoY revenue growth in each month from January to November 2025. Beginning in April, passenger demand softened due to the impact of reciprocal tariffs and tighter U.S. visa policies; howeve
Slide 11: Passenger Operating Performance
Operating Performance Passenger Operating Performance (2025 Jan–Sep) Double-digit growth across all key PA X R e v. indicators. 26.5billion 17% North America now the second-largest revenue region. PA X N u m . South-East 3.6million 22% North America Asia 29% 21% ASK PAX Rev. 13.5billion 40% % North-
Slide 12: Cargo Operating Performance
Operating Performance Cargo Operating Performance (2025 Jan–Sep) Strong AI demand drove cargo revenue to record highs. C G O R e v. 2025 Q1–Q3 revenue and volume have 3.6billion 69% already surpassed full-year 2024. C G O Vo l . South-East Asia 14% 63thousand ton 65% North-East Asia AFTK 8% CGO Rev.
Slide 13: Cost Expenditure Analysis
Operating Performance Cost Expenditure Analysis (2025 Jan–Sep) Fuels 23% Others 6% Salary 18% Airport Operating Cost 11% Maintenance Depreciation and 12% Amortization 17% Service Cost 13% 13
Slide 14: 2026 Fleet
Operating Performance 2026 Fleet Aircraft Type In Service 2026 Growth A350-1000 0 6 +6 A350-900 10 10 A330-900 6 11 +5 A321neo 13 16 +3 Total 29 43 + 14 14
Slide 15: Route Network: 30 Destinations, 35 Routes
Operating Performance Seattle Sapporo Hakodate Sendai San Francisco Takamatsu Tokyo Kobe Nagoya Los Angeles Osaka Ontario Fukuoka Kumamoto Taipei Okinawa Taichung Shimojishima Macau Hong Kong 30 d e s t i n a t i o n s 35 r o u t e s Chiang Mai Hanoi Clark Da Nang Manila Bangkok Ho Chi Minh City Ceb
Slide 16: Destinations and Weekly Flight
Operating Performance Destinations and Weekly Flight Destinations Weekly Flight 30 South-East Asia North- South- 87 North America East Asia East Asia 34% 27 12 12 10% Weekly North 259 Hong Kong Hong Kong America & Macau & Macau 4 North-East Asia 35 2 110 14% 42% *Date as of December 2025 16
Slide 17: Key Partners
Operating Performance Key Partners Alaska Airlines Etihad Airways American Airlines Interline Partnerships Interline Partnerships Interline Partnerships Codeshare Partnerships: Codeshare Partnerships: 20 routes 13 routes Frequent Flyer Program 17
Slide 18: Codeshare Routes with Etihad and Alaska Airlines
Operating Performance 市 場 概 況 Anchorage 營 運 Brussels 成 Prague 果 Barcelona Spokane 未 Seattle Minneapolis Madrid Portland Boise Salt Lake City 來 Denver Kansas City New York 展 Taipei Philadelphia San Francisco Las Vegas Washington DC 望 Phoenix Atlanta Raleigh 及 Abu Dhabi San Diego Dallas 策 Austin Orlan
Slide 19: SKYTRAX Awards
Operating Performance SKYTRAX – World’s Best Airline Rank #18 And Five-Star Airline Award Most Improved No.1 World’s Most Improved Airlines 2025 Cabin Service Rating No.7 World’s Best Business Class Airlines 2025 No.8 World’s Best Economy Class Airlines 2025 No.7 World’s Cleanest Airline 2025 Servic
Slide 20: Airline Ratings 7-Star PLUS and Awards
Operating Performance Airline Ratings 7-Star PLUS - the highest accolade in safety ranking system The third airline to achieve the 7-Star PLUS safety rating. Consecutively Awarded the APEX Award, Joining Global Five-Star Airlines Ranked among the top 7% of airlines worldwide. No.2 Top White Wine Int
Slide 21: Sustainability
Sustainability
Slide 22: Sustainability Achievements and Commitments
Sustainability Achievements and Commitments Regulatory Compliance International Certifications Awards Outlook Sustainability Report CORSIA APEX 2025 Five-Star Airline Participation in IATA CO2 Connect Climate-related disclosures ISO 14064、45001、 SKYTRAX Five-Star Airline Implementation EU ETS 50001、
Slide 23: Sustainability: Corporate Governance, Social, Environmental
Sustainability Corporate Governance Ethical management and long- term sustainable value creation Strengthen safety and risk management S o c i a l Re s p o n s i b i l i t y Public Welfare and Local Culture Cultivation Promote Environmental Friendliness Environmental Protection Scaling Sustainable A
Slide 24: Business Strategy & Outlook
Business Strategy & Outlook
Slide 25: Operating Strategy
Operating Strategy Expand Network and Enhance transfer traffic Strengthen partnerships launch European routes to improve hub efficiency to expand customer reach Achieve multi-CEIV Upgrade loyalty program Enhance service quality certifications to diversify to boost retention and customer experience c
Slide 26: Future Fleet Plan
Business Strategy & Outlook A350 Freighter = 10 A350-1000 = 18 A350-900 = 10 68 aircraft by 2033 A330neo = 11 A321neo = 19 Future Fleet Plan 26
Slide 27: 2026 New Routes
Business Strategy & Outlook 2026 NEW ROUTE Jan 2026 : Launch of Taipei – Phoenix Feb 2026 : Launch of Taichung – Shimojishima Two new routes departing from Taichung First entry into the European market with two new destinations Ongoing Evaluation of potential destinations across Asia and North Ameri
Slide 28: 2026 Key Risk
2026 KEY RISK Ongoing tightness in civil aviation manufacturing supply chain through 2030 Rising operating costs driven by geopolitical tensions Uncertainty in U.S. trade and economic policies 28
Slide 29: 2026 Passenger Market Outlook
Business Strategy & Outlook 2026 Passenger Market Outlook WORLD Global travel demand remains strong, led by Asia-Pacific growth IATA forecasts total global passengers to reach 5.2 billion in 2026, with a record load factor of 83.8%. Asia-Pacific accounts for nearly half of global growth, with region
Slide 30: 2026 Cargo Market Outlook
Business Strategy & Outlook 2026 Cargo Market Outlook WORLD Global technology development continues to drive air cargo demand Supported by demand from AI, semiconductors, and high-value electronics, global air cargo volumes are expected to sustain solid growth. IATA forecasts 2026 air cargo volumes
Slide 31: 2026 Outlook Summary
Business Strategy & Outlook 2026 Outlook Summary Passenger Easing of global economic risks and stable growth in Taiwan’s economy supporting air travel. Air travel demand and market performance are expected to reach new highs. Cargo Sustained AI and high-tech demand is expected to carry strong air ca
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