• | 11:00 am

Etihad Cargo flying high with a strong mid-year revenue growth

Etihad Cargo has seen an uptick in revenue despite the challenging environments.

[Source photo: Anvita Gupta/Fast Company Middle East]

Etihad Cargo has announced its impressive mid-year results – it has registered a record 6% growth compared to last year’s period. The strong show by the logistic arm of the Etihad Aviation Group means that it has contributed a massive 35% share in the group’s operating profit.

Additionally, despite the challenging environment, Etihad Cargo also registered impressive overall performance by clocking an 86% “Delivered as Promised” rate, which was up by 2% from its performance during the same time last year. To top it off, the freight carrier also managed an 83% On Time Performance (OTP) rate.

Reports suggest that as the passenger volumes increased due to the relaxation in travel, it limited the cargo-carrying capacity of the airlines. Yet, Cargo operations could clock up $802 million in the year’s first half.

Etihad Cargo was driven by the strong performance of its premium products like PharmaLife – a dedicated pharmaceutical shipment service. Its performance saw an 46% uptick compared to last year’s numbers. Moved by the numbers, the carrier is now looking for ways to optimize the process to offer added protection to the cargo.

Similarly, Etihad Cargo’s LiveAnimals is another service that saw an upward growth of 52% compared to last year’s numbers. Additionally, since China contributes over 20% of its operations, the cargo carrier has also introduced a Mandarin version of its website to reduce friction and help bolster its performance in the region.

The cargo operator currently offers services to 79 destinations across Europe, Asia, Africa, Australia, and the Americas with 564 weekly rotations.

Most Innovative Companies comes to the Middle East this October! Click here to know more.

More Top Stories: