Crystal Cargo reports sterling performance in 1H

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TOP MARK: Etihad Crystal Cargo's results are bolstered by strong interline agreements and new routes.

Etihad Crystal Cargo has released its first-half results, with cargo shipments rising 22% year-on-year to 127,000 – a combined weight of 100,000 tonnes.

"Etihad's performance during the first six months of 2008 has been extremely strong against a well-documented backdrop of higher fuel prices and an economic slow-down in parts of Europe and the Americas," explained James Hogan, CEO of Etihad Airways.

"Despite these significant challenges faced by many airlines, Etihad is not seeing signs of a decline in demand in any of our markets."

Etihad has already launched a new service to Beijing this year, and plans to add Kozhikode, Chennai and the Belarusian capital, Minsk, in August.

The Abu Dhabi-based operator is also planning flights to Moscow and the Kazakh capital, Almaty, at the end of October, and will increase its Australian frequencies during December.

In addition to cargo schedules, Etihad also saw a 41% passenger increase in the first half over the same period last year.

"Despite being less than four years old, Etihad Crystal Cargo continues to win market share by delivering consistently high service standards, supported by close alliances with strategic partners," added Des Vertannes, executive vice president for Etihad Airways' cargo division.

"The most recent interline deal was with CargoItalia and provides customers with continued freighter capacity access between Abu Dhabi and Milan where the service links with Cargoitalia's network of destinations in the USA and Central America including New York, Chicago, Houston as well as Mexico City."

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