Etihad cargo revenue up 10% in first half
12 / 08 / 2024
Photo: Etihad
Etihad Airways’ cargo revenue increased by approximately 10% in the first half of this year compared to the same period of 2023.
The Abu Dhabi-headquartered airline’s cargo revenue was AED1.9bn ($507m) compared to AED1.7bn ($462) year on year.
The increase in revenue was “primarily driven by increased demand and increased belly capacity of our fleet”, said Etihad in a half year press release.
Cargo tonnes totalled 320,000 in the first half, up 16.8% year on year.
Antonoaldo Neves, chief executive of Etihad Aviation Group, said: “We are pleased to report a strong first half of the 2024 financial year, with profit after tax 48% higher than the net result reported in the same period of 2023. This reflects a robust performance in both passenger and cargo revenues, demonstrating the soundness of our strategy and growth path.”
Etihad Cargo recently changed its organisational structure into four regions to support business development and growth as well as improve customer experience.
In addition to adding summer belly capacity, the cargo division of Etihad has also announced several initiatives to grow its network recently.
Etihad Cargo said in June it will offer incremental space beyond its existing bellyhold capacity in cooperation with partner airlines to meet rising demand to the US and Canada.
In the same month, the cargo business also expanded its partnership with SF Airlines to launch a new freighter service between Shenzhen and Abu Dhabi in an effort to boost cargo capacity between China and the UAE.
Then in July, Etihad Cargo launched a twice-weekly Boeing 777 freighter service between Abu Dhabi and Madrid to enhance its European network and support e-commerce connectivity from Asia to Europe via its Abu Dhabi hub.
Etihad responds to rising US cargo demand with extra capacity
Etihad Cargo and SF Airlines add freighter service and expand partnership
