Etihad sees surge in cargo in Q3

Etihad Cargo achieved 16 per cent growth in revenue for the quarter

cargo tonnage equine service Etihad Airways Etihad Cargo Q3 2014 SkyStables

Etihad Airways’ total cargo tonnage rose 9 per cent, year-over-year, in the third quarter of this year, which helped boost overall revenues at the UAE flag-carrier by 29 per cent. The carrier’s Etihad Cargo subsidiary shipped a total of 144,498 tonnes in Q3, bringing in revenue of $US$284 million, a 16 per cent increase, year-over-year, with just 1 per cent capacity growth.

The third quarter at Etihad Cargo also saw the launch of freighter services to Moscow and Hanoi, increased frequencies on its existing freighter service to Milan, and the deployment of a new A330-200F. Etihad also began a specialist equine service, called “SkyStables,” for the air transport of horses and other similar species, which rolled out across 44 of Etihad Cargo’s freighter destinations. Etihad Airways’ revenues for the three months ending 30 September reached  US$1.8 billion; revenue from code-share agreements and equity partners was US$352 million for 3Q 2014.