The Emirates Group announced its 2017-18 results. Emirates SkyCargo recorded a strong performance, and continues to play an integral role in the company’s expanding operations, contributing 14 per cent of the airline’s total transport revenue.
In an airfreight market with fast-changing demand patterns, Emirates’ cargo division reported a revenue of AED 12.4 billion (US$ 3.4 billion), an increase of 17 per cent over last year, while tonnage carried slightly increased by 2 per cent to reach 2.6 million tonnes. This year, freight yield per Freight Tonne Kilometre (FTKM) increased by 14 per cent, reflecting a very positive market environment for the industry, and the weakening of the USD against major currencies.
Emirates’ SkyCargo’s total freighter fleet stood at 13 Boeing 777Fs. In addition to belly-hold capacity to Emirates’ new passenger destinations, Emirates SkyCargo launched new freighter services to Maastricht (Netherlands), Luxembourg, and Aguadilla (Puerto Rico).