ABC enjoys robust results in tough year

AirBridgeCargo Airlines (ABC), part of Volga-Dnepr Group and Russia’s largest cargo airline, achieved a five per cent growth in cargo tonnage in 2013, with its highest ever volume of 340,000 tonnes across its network linking Europe, Russia, Asia and North America.


ABC enjoys robust results in tough year


AirBridgeCargo Airlines (ABC), part of Volga-Dnepr Group and Russia’s largest cargo airline, achieved a five per cent growth in cargo tonnage in 2013, with its highest ever volume of 340,000 tonnes across its network linking Europe, Russia, Asia and North America. The airline reported volume growth on all of its major routes and this was matched by a five per cent improvement in revenue. AirBridgeCargo’s Freight Tonne- Kilometres (FTK) rose 15 per cent in 2013, while its average load factor of 72 per cent show a marginal 1.7 per cent gain over the previous year.

Despite challenging market conditions in 2013, ABC continued with its longterm fleet modernisation strategy and took delivery of two more new generation freighters B747-8F. With the delivery of its fifth B747-8F in December 2013, AirBridgeCargo completed its fleet renewal plan which began two years ago.

This investment has reduced the average age of its aircraft fleet from nine years at the end of 2011 to three years at the end of 2013. At present, ABC’s fleet is one of the youngest in the air cargo industry.

Denis Ilin, executive president of AirBridgeCargo, said: “Striving for excellence in the face of a changing and challenging economic environment has made us better at what we do. Our young, modern fleet will allow us to further expand the routes and services we offer to customers and to maintain the quality of our product. Our customers greatly benefit from the additional features of the Boeing 747-8F, such as enhanced payload.