Record figures for Emirates SkyCargo

Emirates SkyCargo is celebrating record revenue and cargo levels following the announcement of this year’s annual financial results for the 2005-2006 fiscal year.

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By  Robeel Haq Published  May 28, 2006

Emirates SkyCargo is celebrating record revenue and cargo levels following the announcement of this year’s annual financial results for the 2005-2006 fiscal year. During this period, Emirates SkyCargo handled one million tonnes of cargo, which represents an increase of over 180,000 tonnes compared to last year. The cargo division’s revenue also increased by 29.2% and reached a total of US $1.2 billion. “Meeting the milestone of US $1 billion and 1 million tonnes is a direct reflection of our ability to meet the demands of our discerning customers, provide the necessary capacity for our growing network, and stand behind our reputation for delivery on a very high standard of service,” said Tim Clark, president, Emirates Airlines. “Our achievement was made despite a host of challenges faced by the aviation industry last year, which makes us particularly proud.” Emirates SkyCargo’s region-wise performance clearly indicated the dominance of the Asia-Pacific region, which contributed 41.6% of the revenue, while Europe and Americas contributed 19.3%, the Indian Sub-continent 14.6% and the Middle East & Africa 24.5%. Changes at the hub will also take place in the coming year with December 2006 marking the anticipated completion of the new Cargo Mega Terminal. This facility will have a capacity to handle 1.6 million tonnes, a necessary development to improve capacity of the current facility, which currently handles 817,957 tonnes. Additionally, Emirates SkyCargo has completed the development of its New Generation SkyChain, an automated central cargo reservation and business management application which it claims will enhance logistics efficiency, increases productivity and provides accurate information though seamless communication with customers and service providers. “With these exciting developments and with the new Jebel Ali Airport and Logistics City on the way, we anticipate that the next year will be very busy and productive for Emirates SkyCargo. The projections for world cargo growth are healthy and we anticipate a strong year ahead,” added Clark.

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