Etihad Cargo posts 49% revenue growth for 2021

posted on 2nd March 2022 by Eddie Saunders
Etihad Cargo posts 49% revenue growth for 2021

Etihad Cargo, the cargo and logistics arm of the Etihad Aviation Group, has achieved record revenue growth of 49 per cent in 2021 as it continued to outperform expectations with a 27 per cent year-on-year increase in freight carried, contributing towards 55 per cent of the group’s revenue.

“2021 was a milestone year for Etihad Cargo,” said Martin Drew, Senior Vice President Sales & Cargo, Etihad Aviation Group.

“The Etihad Cargo team has worked closer than ever with partners and customers to address their demands and allocate necessary capacity, resulting in a record tonnage of 729,200 tonnes – the highest since 2017.”

In Q1, Etihad Cargo temporarily modified five Boeing 777 aircraft to support cabin-loaded cargo, operating more than 800 charter and scheduled cargo flights in the new configuration in 2021, adding capacity along key strategic routes.

By mid-2021, Etihad Cargo had announced the recovery of more than 90 per cent of its network compared to pre-COVID.

In total, the carrier operated more than 6,000 passenger freighters throughout the year, with freighter utilisation averaging 16.5 hours.

Premium products have also seen remarkable growth: PharmaLife, the carrier’s award-winning pharmaceutical shipment solution, achieved a 85 per cent increase in revenue on 2020, while FreshForward, for transporting perishables, increased by 26 per cent.

With the relaxation of travel restrictions, SkyStable, the carrier’s dedicated equine transportation solution, grew by 28 per cent, and SafeGuard, for transporting valuables, increased by 103 percent compared to 2020.

Despite the ongoing operational challenges imposed by new variants of the COVID-19 virus, the UAE national carrier also maintained a Delivered As Promise (DAP) rate of 84 per cent through the past 12 months and an on-time performance (OTP) of 84 per cent.

“It is testament to the hard work and commitment of the team that, despite the challenges of the pandemic, Etihad Cargo has achieved its operational targets while meeting and exceeding customer expectations,” said Drew.