Etihad Cargo posts 13% revenues rise in H1
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Etihad Cargo, the cargo division of the Abu Dhabi carrier, carried a record 175,000 tonnes of cargo in the first six months of 2012, a 21 percent increase over the same period last year.
The jump represents an extra 30,000 tonnes compared to H1 2011, with revenues 13 percent higher, said the cargo unit in a statement.
Last week Etihad Cargo reported strong second quarter results for 2012, with tonnage up 22 percent to 90,000 tonnes, contributing to revenues of $183m, up 11 percent.
"Cargo traffic into and out of Asia and the subcontinent remained particularly strong for us over the period, and we are pleased to have maintained a performance lead there and elsewhere at a time when many cargo carriers are cutting capacity."
The airline said June in particular was an exceptional month when it achieved eight of its 10 best ever performance days for transporting cargo through its Abu Dhabi hub - on average over 2,000 tonnes per day being processed.
Four freighter destinations were added in the first half of the year, including Benghazi, Dammam, Djibouti and Tripoli, bringing the total freighter network to 27 in 20 countries.
Knight added: "H1 saw us deliver impressive results for commercial cargo... Despite geographical, political and economic headwinds in many challenging areas, we remain focused on executing our strategy of continuing to grow our cargo business in the months and years ahead."
Earlier this year, Etihad Cargo announced orders for two more Airbus A330-200F freighters, bringing its total new freighter order book to four.
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