ABU BI's etihad Cargo reversed 2021's first half year-on-year operating loss of US$392 million into $296 profit this year, drawn on revenues of $802 million, which increased six per cent.
This, despite a 19 per cent drop in freight to 295,020 tonnes as an increase in passenger volumes limited bellyhold capacity, said Etihad, adding that cargo contributed 35 per cent of group operating revenues.
Etihad Cargo also noted increased demand for its premium product services during the period.
Its PharmaLife product registered a 46 per cent year-on-year increase in performance in the first half, while its LiveAnimals service was up 52 per cent.
Said cargo chief Martin Drew: 'Etihad Cargo's commitment to expanding capabilities has been demonstrated through the carrier's ongoing investment in infrastructure and solutions that ensure cargo is transported safely and in compliance with international standards.'
The carrier also highlighted its 81 per cent electronic airway bill penetration rate and a 57 per cent increase in bookings made via its online portal.
Etihad is not the only airline to see its cargo business be affected by the ramp up of its passenger services. Air France KLM and IAG Cargo both reported softer volumes in the second half.
The overall airline was back in the black during the first half, with operating profits reaching $296 million against a loss of $392 million last year.
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This, despite a 19 per cent drop in freight to 295,020 tonnes as an increase in passenger volumes limited bellyhold capacity, said Etihad, adding that cargo contributed 35 per cent of group operating revenues.
Etihad Cargo also noted increased demand for its premium product services during the period.
Its PharmaLife product registered a 46 per cent year-on-year increase in performance in the first half, while its LiveAnimals service was up 52 per cent.
Said cargo chief Martin Drew: 'Etihad Cargo's commitment to expanding capabilities has been demonstrated through the carrier's ongoing investment in infrastructure and solutions that ensure cargo is transported safely and in compliance with international standards.'
The carrier also highlighted its 81 per cent electronic airway bill penetration rate and a 57 per cent increase in bookings made via its online portal.
Etihad is not the only airline to see its cargo business be affected by the ramp up of its passenger services. Air France KLM and IAG Cargo both reported softer volumes in the second half.
The overall airline was back in the black during the first half, with operating profits reaching $296 million against a loss of $392 million last year.
SeaNews Turkey
