The cargo unit of Abu Dhabi’s Etihad has raked in $802 million in revenues during the first six months of the year – a 6 percent increase from last year’s first half figures.
The growth was led by an increased demand for Etihad Cargo’s premium product services, including a 46 percent year-on-year growth for its pharmaceuticals shipment product, and a 52 percent increase for its live animal transport service.
“The growth Etihad Cargo has achieved across its PharmaLife and LiveAnimals products has been made possible by the hard work and commitment of dedicated teams that have thrived on the challenge of providing world-class cargo solutions to customers,” Martin Drew, Etihad Group’s senior vice president for global sales and cargo, said.
The cargo arm, which contributed 35 percent to the Etihad Group’s operating revenues, said it has a Delivered as Promises rate of 86 percent, as well as an 83 percent On Time Performance rate “despite the challenging handling environment across the network.”
Etihad Airways earlier said it recorded $269 million in profits in the same period, as air travel continues to recover from the Covid-19 pandemic. The half-year profit was the airline’s highest in 18 years.
The airline flew over 4.02 passengers in the first half of 2022, greatly contributing to its good performance – especially after losing around $392 million in the same period last year.
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