Steady growth for Air China Cargo

SEP 1, 2015: Air China Cargo recorded “steady growth” in the first half of 2015, as revenue freight tonne km increased by 23.5 percent year-on-year to 3,166m and the load factor rose 0.47 percentage points to 54.41 percent.

The cargo yield (excluding fuel surcharge) was RMB1.11, a year-on-year increase of 0.20 percent.

Parent carrier Air China said that its cargo division was “able to continue to optimize its route structure after completing the replacement of its fleet for US and European routes”.

It continued: “The round-the-world route operated smoothly with a steady increase in cargo volume for the US to Europe sector. We have continued to upgrade our product range by adding very competitive high value-added and transit products.

“By enhancing our sales management, we have made use of passenger-cargo combination operation to achieve complementary advantages. In the first half, Air China Cargo achieved profit of RMB108m, representing a turnaround of RMB239m.”

Air China Cargo’s current freighter fleet consistis of seven Boeing 777Fs, three Boeing 747-400Fs, and four Boeing 757-200SFs. The last B777F ordered by Air China Cargo will be delivered this year, making it the largest cargo airline in China.