Saudia Cargo continues solid growth in 2013

Saudia Cargo has continued to buck the industry trend with healthy cargo growth, reporting an eight per cent growth in cargo volumes in 2013, year-on-year, to 557,800 tonnes, while scheduled revenue for the same period rose six per cent on the previous year.


Saudia Cargo continues solid growth in 2013


Saudia Cargo has continued to buck the industry trend with healthy cargo growth, reporting an eight per cent growth in cargo volumes in 2013, year-on-year, to 557,800 tonnes, while scheduled revenue for the same period rose six per cent on the previous year. With a strong finish to 2013, the cargo carrier achieved record revenue for both scheduled cargo revenue and charters in December, with increases of 12 and 141 per cent, respectively.

“2013 has been another productive year for us,” commented Nabil Khojah, CEO of Saudia Cargo. “This is largely due to internal measures to further boost the performance in KSA and a very strong Q4, which has resulted in a total annual growth in scheduled revenue of six per cent versus 2012,” he added.

The cargo division’s growth was achieved at the same time it took on additional maindeck capacity which enabled it to introduce new routes and increase capacity on selected destinations across the globe. As a result Saudia Cargo was able to grow its market share in a number of markets, recording significant growth in revenue in the Indian Sub- Continent (+32 per cent), UAE (+11 per cent), Belgium (+83 per cent), Germany (+23 per cent), UK (+10 per cent) and Hong Kong (+18 per cent).