Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has announced its results for the first half of 2022, achieving year-on-year revenue growth of 6% compared to H1 2021 and contributing 35% of Etihad Aviation Group's operating revenue.
In addition to recording an increase in overall revenue, Etihad Cargo maintained a strong delivered as promised rate of 86%, a two per cent increase compared to its 2021 full-year results, along with an 83% freighter on time performance (OTP) rate despite the challenging handling environment across the network.
Etihad Cargo saw growth across a number of premium products in the first half of 2022. For example, the performance of PharmaLife increased by 46% compared to H1 2021. Contributing to this growth have been the new developments Etihad Cargo has launched to enhance its PharmaLife capabilities, including improved thermal covers that dramatically increase the protection of pharmaceutical cargo during aircraft loading and offloading. Etihad Cargo also posted a 52% increase in the performance of its LiveAnimals product.
