Crystal Cargo revenues up by a quarter

ETIHAD Crystal Cargo recorded a 25.7 per cent increase in revenues during 2011, reaching US$651 million.

Tonnage grew 17.8 per cent to 310,188 metric tonnes during the year.

During July last year the carrier put a new 777F into operation. Several new destinations including Amsterdam (the Netherlands), Johannesburg (South Africa) and Kabul (Afghanistan) improved volumes.

Roy Kinnear (pictured), Etihad Airways senior vice-president revenue management and planning, tells Air Cargo News he expects a 13 per cent growth in tonnage this year. “We will increase our available-tonne kilometres by 11 per cent,” Kinnear adds.

The carrier has ordered two more A330Fs.

Parent Etihad Airways reported a 36 per cent jump in revenues to $4.1 billion. “This is an historic day for Etihad Airways, an airline just eight years old,” James Hogan, chief executive officer of Etihad Airways, says. “Five years ago we said we would be profitable by 2011. Despite the global financial crisis, continued high oil prices, regional instability and natural disasters, we have delivered.”

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