Executive Briefings

Bucking State of the Industry, Saudi Airlines Reports Impressive Growth in Cargo

In the first half of 2012, amid strife and turmoil across much of the industry, Saudi Airlines Cargo carried 251,500 tonnes of cargo. The number is a 26-percent, year-over-year, increase in activity. Cargo revenue rose 25 percent, year-over-year, during the first six months of 2012.

"We experienced all-time records in May and June 2012. The main contributors to our growth were exports from Europe, East Africa and the UAE as well as cargo from our network into Saudi Arabia and West Africa," Saudi's CEO, Fahad Hammad, said. "We expect the growth spurt to continue in the second half of 2012."

The large increase in activity happened mostly on freighter services. Saudi officials said belly-hold activity remained flat from 2011 to 2012. Charter business also contributed, but is expected to play a more significant role in the second half of the year due to the addition of two freighters, according to a company press release.

In April, Saudi added freighter services to Vienna, Frankfurt, Dubai and Ho Chi Min City, while also increasing capacity in a few key cities in the Asia-Pacific.

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"We experienced all-time records in May and June 2012. The main contributors to our growth were exports from Europe, East Africa and the UAE as well as cargo from our network into Saudi Arabia and West Africa," Saudi's CEO, Fahad Hammad, said. "We expect the growth spurt to continue in the second half of 2012."

The large increase in activity happened mostly on freighter services. Saudi officials said belly-hold activity remained flat from 2011 to 2012. Charter business also contributed, but is expected to play a more significant role in the second half of the year due to the addition of two freighters, according to a company press release.

In April, Saudi added freighter services to Vienna, Frankfurt, Dubai and Ho Chi Min City, while also increasing capacity in a few key cities in the Asia-Pacific.

Read Full Article