February 18 2013
Saudi Airlines Cargo has achieved record annual results for 2012, posting total boarding figures of 516,000 tons, resulting in a 21% increase in revenue compared with the previous year.
The airline’s success, which is due to a strong economy in the KSA, represents a landmark achievement for the Saudi-based cargo carrier.
“2012 has been our most successful year to date,” commented Fahad Hammad, CEO of Saudia Cargo. “This is largely due to a very strong Q4, which has resulted in a total annual growth in revenue of 21% versus 2011.”
“We have achieved growth in all of the regions in which we are active,” he continued. “Our volumes from Europe have increased by 47% and from Greater China/Hong Kong by 21%. Likewise, volumes from the UAE have risen by 51% and from Bangladesh by 72%.”
It is a similar picture for volumes from the network into other markets, with volumes into KSA increasing by 22% and into Africa by 35%. Volumes from all regions into Europe also rose by 43%.
Saudi Airlines Cargo operates scheduled freighter services with 13 freighters and sells the belly-capacity on 145 passenger aircraft for Saudi Arabia’s flag carrier Saudia spanning a rapidly expanding global network of 225 destinations. The cargo airline also provides cost-effective and practical worldwide charter flight solutions from a growing fleet of dedicated charter aircraft.