CargoLogicAir proves its maindeck cargo credentials as FTK climb 36% and revenues double in 2018
CargoLogicAir (CLA), the UK’s only maindeck cargo airline, saw its annual Freight Tonne Kilometres (FTK) grow by 36% in 2018 to 780,000 aligned with a 30% increase in block hours of 13,000 demonstrating the high level of market demand for its developing network of freighter services.
CLA has tripled volumes of Oil & Gas industry, Aerospace, Heavy Machinery and Humanitarian cargoes over the course of the year experiencing a doubling of its revenues year-on-year to over $200 million.
Late 2018 marked the arrival of the airline’s fourth Boeing 747 freighter to support its scheduled cargo network and air charter services. The delivery kept CLA on track to achieve its planned fleet expansion, based on operating five freighters by 2020.
David Kerr, CEO of CargoLogicAir, commented: “2018 was another year of significant achievements for CargoLogicAir as we witnessed higher demand from our customers in the UK, North America and Europe. We expect 2019 to present new growth opportunities as well as some challenges and we are confident of being able to deliver another strong result. This year, we will look to support our customers with more frequencies as well as continuing to focus on improving the quality of our service and efficiency of our operations to meet the strong demand we are seeing. We will also be looking to strengthen our team by recruiting more operations and engineering professionals as well as additional and differing level flight crew.
“By investing in our business and putting in place a clear plan for sustainable growth, we will continue to develop our partnerships with clients across a wide range of sectors, including the aerospace, automotive and pharmaceutical industries. Naturally, we are closely monitoring the Brexit situation and staying close to our customers and other stakeholders to ensure we offer solutions which keep supply chains moving efficiently in the event of any border delays or disruption.”
In addition to another year of growth, CargoLogicAir achieved a series of other important milestones in 2018, including being awarded a USDA licence to help connect European and North American customers more efficiently. In the summer, the airline also joined forces with its strategic partners, Volga-Dnepr Airlines and AirBridgeCargo Airlines, as sponsors of the Cargo Village at Farnborough International Airshow, showcasing expertise to more than 2,000 visitors. The year also saw CLA move its headquarters close to London Heathrow to be at the centre of international commerce, while maintaining its operating base at London Stansted.