Etihad records strongest cargo volume in Q1 2014
Together with the passenger business, revenues totaled $1.4 bill, marking a year-on-year increase of 27 per cent.
April 24, 2014
Etihad Airways recorded its strongest ever passenger and cargo volumes for a first quarter, together with $1.4 billion in total revenues, marking a year-on-year increase of 27 per cent. Etihad Airways’ volumes were boosted by the fast-paced growth of its international route network, with 95 destinations operational by the end of Q1 2014, an increase of six compared to the same period in 2013.
According to a financial result released by the airline, a total of 3.2 million passengers traveled with Etihad Airways during the first quarter of 2014, over 14 percent higher than the 2.8 million passengers from the same period last year.
The growth rate is more than double a recent estimate from the International Air Transport Association (IATA) that passenger demand will increase 5.8 percent this year on a global basis.
Etihad Cargo also outperformed the global market, carrying 127,821 tonnes of freight and mail in the first quarter. The airline’s cargo revenue also increased by 26 percent to $243 million, placing Etihad Cargo on track to become a billion dollar business in 2014.