Emirates SkyCargo H1 freight volumes breach 1m tonnes
EMIRATES SkyCargo saw its freight volumes head towards pre-pandemic levels in the first half of its financial year, helping the overall airline narrow losses.
The Emirates Group’s cargo arm saw cargo volumes reach 1.1 million tonnes in the six month period – an increase of 39 per cent year on year and 90 per cent of pre-pandemic (2019) levels, reports London’s Air Cargo News.
“This shows Emirates Skycargo’s outstanding agility and ability to meet the requirements of its customers whether it be for the transport of vaccines and pharmaceuticals, essential goods like food and perishables, or champion horses and high performance cars,” Emirates said.
While there was progress on the cargo front, the overall group reported a net loss of US$1.6 billion, although this was an improvement on the $3.8 billion loss registered last year.
Ahmed bin Saeed Al Maktoum, chairman and chief executive, Emirates Airline and Group, said: “Our cargo transport and handling businesses continued to perform strongly, providing the bedrock upon which we were able to quickly reinstate passenger services.
“While there’s still some way to go before we restore our operations to pre-pandemic levels and return to profitability, we are well on the recovery path with healthy revenue and a solid cash balance at the end of our first half of 2021-22.”
The group’s ground handling business, dnata, also saw cargo volumes increase during the six month period, jumping by 9 per cent year on year to 1.4 million tonnes.
The business reported a profit of $23 million compared with a loss of $396 million last year.