Etihad cargo volume soars in first half 2014
Etihad Cargo achieves 27 per cent revenue growth and 25 per cent tonnage growth
July 9, 2014
Etihad Airways has reported in a press statement that it achieved double-digit growth in passenger and cargo volumes during the first half of 2014, marking its strongest ever performance for the six-month period, with total revenues increasing to US$3.2 billion.
Etihad Cargo also outperformed the global market, carrying 268,713 tonnes of freight and mail during the first half of 2014, up 25 per cent year-on-year, and contributing significantly to the airline’s total revenue. It remains on track to become a billion dollar business in 2014.
The impressive performance was supported by Etihad Airways’ continued growth in the second quarter of 2014, with 40,892 tonnes of freight and mail carried over the three-month period, both up 25 per cent on the same period last year.
James Hogan, President and Chief Executive Officer of Etihad Airways, said: “At a time when the global airline industry has struggled with high fuel prices, intense competition and a slowdown in the cargo market, Etihad Airways has achieved record success, carrying more passengers and cargo to more destinations around the world, with our biggest fleet to date.
Passenger and cargo volumes were boosted by the fast-paced growth of Etihad Airways’ global route network, with 98 destinations operational by the end of H1 2014, compared to 92 in the same period last year.