Etihad Cargo expects to see strong cargo volume and revenue growth during the rest of 2013 despite the global downturn afflicting the air freight sector.
Speaking to the JOC by phone July 8 after reporting major gains in the second quarter, David Kerr, vice president cargo, said he expected the United Arab Emirates-flag carrier to continue to buck the recessionary trend of global markets.
“We are very positive about continued growth for the remainder of year even against the backdrop of the industry malaise,” he said. “We are operating in markets less susceptible to the current market than major east-west trade lanes, which we’re not always competing in.
“Our strategy of working with partners including other airlines will continue to generate synergies that benefit both revenues and cost.”
Etihad Cargo, which hubs at Abu Dhabi, saw rapid growth of both cargo volumes and income in the second quarter. The carrier uplifted 112,963 tons in the April-June period, a 26 percent increase compared to a year earlier. Revenue from cargo surged 20 percent in the quarter to $216 million, providing a sizable boost to the overall revenue of $1.327 billion achieved by Etihad Airways in the period, 7 percent higher than the second quarter of 2012.
Cargo volume and income were boosted by the delivery of three freighters in the period — one Airbus A330-200F, one Boeing 777-200F and a Boeing 747-8F — taking the carrier’s freighter fleet to nine, with one further Airbus 330F due for delivery next year.
Contact Mike King at firstname.lastname@example.org.