The 2010-2011 fiscal year signaled good news for Virgin Atlantic Cargo, with revenues increasing 39 percent to £224.4 million. Representatives for the carrier — jointly owned by Virgin Group and Singapore Airlines — attribute much of this growth to significant gains in Europe, the Middle East and Africa (EMEA); the Americas; and the Asia-Pacific region.
Year-over-year cargo volumes increased in the EMEA and the Americas by 19 percent and 16 percent, respectively. At 13-percent growth, the Asia-Pacific region posted slightly less of a gain in 2011.
Total cargo revenue in these regions grew tremendously, however. Fiscal year 2010-2011 sales in the EMEA and the Asia-Pacific were up a respective 47 percent and 41 percent from fiscal year 2009-2010, with the Americas trailing slightly at 29-percent revenue growth. The carrier’s Virgin Atlantic and V Australia networks also posted significant gains in this period, transporting 227,000 tonnes of cargo in fiscal year 2010-2011. This represents a 17-percent, year-over-year increase.
To Virgin Atlantic Cargo Director John Lloyd, the fact that his division achieved double-digit gains speaks volumes about its business model. “Even in a year when air cargo volumes across the industry were recovering, this is a fantastic result and a tribute to our team around the world for consistently providing the exceptional levels of customer service that help to set us apart from other airlines,” he said in a statement.
Lloyd also attributes his company’s success to its affiliation with Virgin Australia. “Once again, [this] had a strong impact on our results, and this is a model we believe we can successfully implement with other airlines to deliver positive and mutual benefits,” he stated.
In related company news, Virgin Australia partner Skywest Airlines has acquired an ATR 72-500, making it the first Australian carrier to operate this aircraft. Skywest will fly the ATR 72-500 on behalf of Virgin Australia as part of a 10-year contract between the airlines.
Jeff Chatfield, executive chairman of Avation PLC and Skywest Airlines, points to the far-reaching benefits of this procurement. “We are proud to be contributing to the expansion of Virgin Australia and the growth of regional aviation across the country,” he said in a statement. “These are the right aircraft for our passengers and our airline, and a great asset for our leasing company, Avation PLC.”