Emirates SkyCargo volumes drop 8% in first half of 2019

Yields and air cargo volumes are both down for Emirates SkyCargo amid ‘tough business environment for air freight’
Emirates skycargo, Air cargo, Air freight, Dubai


Emirates SkyCargo saw cargo volumes decrease in the first half of the year as a result of difficult market conditions and a runway refurbishment, reports Air Cargo News.

On announcing half-year figures, the Emirates Group said that cargo volumes handled by its airline division decreased by 8% year on year to 1.2m tonnes, while yields declined by 3%.

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“This reflects the tough business environment for air freight in the context of global trade tensions and unrest in some key cargo markets,” the airline said in a statement.

Performance was also affected by the 45-day runway closure at DXB at the start of the year, which had a knock-on effect for Emirates Group’s ground handling arm, dnata, which saw cargo volumes decline by 6% on last year to 1.5m tonnes.

In the UAE, dnata acquired full ownership of freight forwarding company, Dubai Express, which bolstered its revenues in the first half year of 2019-20, and helped soften the impact of losses due to the runway closure.

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Looking at overall half-year financial performance, revenues at the Emirates Group declined by 2% year on year to $14.5bn, while profits increased by 8% to $320m.

The improved result at Emirates was driven by “increased agility in capacity deployment, with healthy customer demand for Emirates’ products driving improved seat load factors and better margins”.

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