Etihad reports best ever Q1 cargo results
Etihad Airways has recorded its strongest ever cargo results for a first quarter.
Etihad, which has been in operation for 10 years, reported cargo revenues of US$193 million for the first quarter of 2013, an increase of 17 percent compared to the same quarter in 2012.
Etihad’s tonnage was up 20 percent with 101,776 tonnes during the first quarter. This was driven by a strong performance in Northeast Asia and in the Indian subcontinent from mid-February.
“Our Q1 2013 results have again outstripped global trends,” James Hogan, president and CEO of Etihad Airways, said. “This performance demonstrates that Etihad Airways’ strategy of organic growth, wide-ranging partnerships and strategic equity investments is delivering for us and our partners.”
Etihad’s fleet grew to 73 cargo and passenger aircraft from just 66 in 2012. Etihad Cargo took delivery of a new Boeing 777 freighter, which was deployed on European and African routes during the quarter. A second Boeing 747 freighter entered the fleet at the end of March, taking the total cargo fleet to eight aircraft.
The new twice-weekly freighter operation from Houston to Abu Dhabi also enhanced the cargo results.