Etihad posts strong Q1 cargo growth
Etihad Airways said that its Q1 of 2014 has reached $1.4 billion with cargo revenue rose by 26 per cent to $243 million.
April 17, 2014
Etihad Cargo also outperformed the global market, carrying 127,821 tonnes of freight and mail in the first quarter – a 26 per cent increase in tonnage compared to Q1 2013. The airline’s cargo revenue rose by 26 per cent to $243 million, placing Etihad Cargo on track to become a billion dollar business in 2014.
The airline said that its growth in cargo was due to good performances in the India, and China markets, which grew by 32 per cent, and 14 per cent respectively. The launch of new routes to Brazil, and Vietnam also helped increase cargo volumes, along with the launch of a joint freighter service with DHL serving Pakistan and the GCC markets.
“Although the global airline industry has faced challenges such as higher-than-expected fuel prices and fierce competition in key international markets during the first quarter of 2014, we have continued to outperform the passenger and cargo markets, and raise the bar even further for Etihad Airways ,” stated James Hogan, president and CEO of the airline.