Saudia Cargo’s cargo volume jumped by 20% in the first quarter of 2024, a significant improvement over the same period last year driven by export growth of 28% from its home country.
It also witnessed a significant 19% increase in total specialized product tonnage. The fashion segment saw a 85% tonnage increase, express achieved 9% growth, while e-commerce boasted the highest tonnage flown, with a 34% growth.
Chief executive Teddy Zebitz, said one notable initiative was the expansion into the Asian market and introduction of two weekly flights to Shenzen, China.
He also highlighted a notable rise in cargo rates on passenger aircraft operated by Saudia Airlines, estimated at 38% compared the same period last year.
He added: “Our strategic partnerships with Worldwide Flight Services (WFS) and Cainiao Group have transformed 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. All of these initiatives led to achieving the highest monthly flow tonnages for the month of March 2024 since 2017”
He added, “In a pivotal move, we have also bolstered operational capacity by welcoming new aircraft 747 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.”