EUROPE & CIS: Virgin Cargo sees rising volumes/yields
Rising demand for air cargo enabled Virgin Atlantic Cargo to push up yields in the first quarter with sales rising 36 per cent, driven by a 25 per cent increase in volumes, resulting in annual revenues for the 2009/10 financial year of Ã‚Â£161 million (US$250.5 million) from the carriage of 194,000 tonnes of airfreight on […]
September 1, 2010
Virgin CargoÃ¢â‚¬™s director, John Lloyd warned though, that the recovery could be destabilised by excess capacity in the market. Ã¢â‚¬Å“The challenge now, with capacity rising again in many markets, is to ensure the industry maintains and builds upon this demand by taking sensible decisions on capacity.Ã¢â‚¬Â
Virgin Cargo said it expects a series of factors to contribute to growth in 2010/11, including V AustraliaÃ¢â‚¬™s increased flying programme, an upturn in volume and yields to and from its markets in the Americas and Caribbean, Africa, India, the UAE, Asia and Australia, and improvements in revenue management operations.