Shun Tak Holdings’ transportation division recorded a HK$19 million ($2.4 million) share of loss in the first half of 2026, despite fare increases across key TurboJET ferry routes.
The Hong Kong-listed group attributed pressure on the division to higher operating costs after conflict in the Middle East pushed up fuel prices. The business received fuel subsidies from the Hong Kong and Macau governments and implemented cost-control measures.
TurboJET raised fares by 10 percent in April for its Hong Kong–Macau and Macau–Shenzhen Airport services.
The ferry operator also increased services between Hong Kong and Macau’s Taipa Ferry Terminal to meet demand generated by entertainment events and new integrated resort openings in Cotai. All services connecting Macau with Shenzhen Airport were moved to the Taipa terminal.
Shun Tak said its scheduled cross-border services, combining high-speed ferries and premium land transportation, now offer departures as frequently as every 15 minutes.
At the group level, revenue fell by 12 percent year-on-year to HK$1.18 billion ($151.7 million) during the six months ended June 30th.
The company reported a loss attributable to shareholders of HK$139 million ($17.8 million), widening by 16 percent from HK$120 million ($15.4 million) in the same period last year. Underlying profit, which excludes unrealized fair-value changes in investment properties, dropped by 71 percent to HK$78 million ($10 million).
Shun Tak is a long-term investor in Sociedade de Turismo e Diversões de Macau (STDM), which holds a controlling interest in casino operator SJM Holdings.
