SAUDIA CARGO ACHIEVES RECORD-BREAKING SUCCESS IN THE FIRST QUARTER OF 2024
May 2024JEDDAH | KSA
Saudia Cargo continues to reach new milestones, showcasing exceptional achievements in the first quarter of 2024. These accomplishments follow a transformative success in the past year, marked by resilience and innovation, positioning Saudia Cargo as a key player in the global air cargo industry.
Saudia Cargo's cargo volume jumped by 20% in the first quarter of 2024, a significant improvement over the same period last year. This outstanding growth underscores Saudia Cargo's ability to navigate challenges and deliver exceptional results amidst global economic shifts and evolving market demands.
Saudia Cargo witnessed a significant 19% increase in total product tonnage in Q1, driven by strong growth across all segments. The Fashion segment increased with an impressive 85% tonnage increase, reflecting Saudia Cargo's adaptation to the evolving demands of the fashion industry. The Express Segment achieved 9% growth, ensuring the prompt delivery of time-sensitive shipments. Meanwhile, the Courier Segment boasted the highest Q1 tonnage flown, with a 34% growth, reaffirming Saudia Cargo's leadership in courier services.
Teddy Zebitz, CEO of Saudia Cargo, emphasized the company’s proactive approach in implementing a series of strategic initiatives and partnerships that have directly contributed to a successful start to operations since the beginning of the year. One notable initiative was the expansion into the Asian market and enhancement of the flight network by introducing two weekly flights to Shenzen, China, along with bolstering their cargo fleet with state-of-the-art Boeing aircraft.
He also highlighted a notable rise in cargo rates on passenger aircraft operated by Saudia Airlines, leveraging cargo capacities. This increase is estimated at 38% compared the same period last year, coinciding with peak holiday seasons and the month of Ramadan.
Commenting on these achievements, Zebitz expressed his excitement, saying, “at Saudia Cargo, we are thrilled to see the incredible strides we have made in Q1 2024. Our strategic partnerships with Worldwide Flight Services (WFS) and Cainiao Group have revolutionized cross-border e-commerce logistics, amplifying customer service and industry innovation. This launch of our collaboration at Cainiao’s Liege eHub in Belgium earlier this year underscores our dedication to global operational excellence, meeting the surging demand for top-tier organization in cross-border e-commerce across the Middle East and European markets, while also facilitating seamless logistics solutions and solidifying our position as a vital bridge between East and West trade. Saudia Cargo continues to set new industry standards while empowering businesses to flourish worldwide.”
Zebitz added, “In a pivotal move, we have also bolstered operational capacity by welcoming new aircraft to our fleet, ensuring enhanced efficiency and timely delivery of cargo worldwide. As we continue to navigate through dynamic market conditions, we remain focused on delivering exceptional value to our customers and driving growth in the global air cargo industry.”
Saudia Cargo's cargo volume jumped by 20% in the first quarter of 2024, a significant improvement over the same period last year. This outstanding growth underscores Saudia Cargo's ability to navigate challenges and deliver exceptional results amidst global economic shifts and evolving market demands.
Saudia Cargo witnessed a significant 19% increase in total product tonnage in Q1, driven by strong growth across all segments. The Fashion segment increased with an impressive 85% tonnage increase, reflecting Saudia Cargo's adaptation to the evolving demands of the fashion industry. The Express Segment achieved 9% growth, ensuring the prompt delivery of time-sensitive shipments. Meanwhile, the Courier Segment boasted the highest Q1 tonnage flown, with a 34% growth, reaffirming Saudia Cargo's leadership in courier services.
Teddy Zebitz, CEO of Saudia Cargo, emphasized the company’s proactive approach in implementing a series of strategic initiatives and partnerships that have directly contributed to a successful start to operations since the beginning of the year. One notable initiative was the expansion into the Asian market and enhancement of the flight network by introducing two weekly flights to Shenzen, China, along with bolstering their cargo fleet with state-of-the-art Boeing aircraft.
He also highlighted a notable rise in cargo rates on passenger aircraft operated by Saudia Airlines, leveraging cargo capacities. This increase is estimated at 38% compared the same period last year, coinciding with peak holiday seasons and the month of Ramadan.
Commenting on these achievements, Zebitz expressed his excitement, saying, “at Saudia Cargo, we are thrilled to see the incredible strides we have made in Q1 2024. Our strategic partnerships with Worldwide Flight Services (WFS) and Cainiao Group have revolutionized cross-border e-commerce logistics, amplifying customer service and industry innovation. This launch of our collaboration at Cainiao’s Liege eHub in Belgium earlier this year underscores our dedication to global operational excellence, meeting the surging demand for top-tier organization in cross-border e-commerce across the Middle East and European markets, while also facilitating seamless logistics solutions and solidifying our position as a vital bridge between East and West trade. Saudia Cargo continues to set new industry standards while empowering businesses to flourish worldwide.”
Zebitz added, “In a pivotal move, we have also bolstered operational capacity by welcoming new aircraft to our fleet, ensuring enhanced efficiency and timely delivery of cargo worldwide. As we continue to navigate through dynamic market conditions, we remain focused on delivering exceptional value to our customers and driving growth in the global air cargo industry.”