Friday, June 21, 2024
Q1 cargo income rise outstrips volume growth for Aeroflot

Q1 cargo income rise outstrips volume growth for Aeroflot

Aeroflot Cargo income grew at a greater rate than tonnage growth in Q1 2018, figures revealed by the carrier reveal. This was during the first three months of the year, traditionally weak for the Russian aviation market.

This is due to a number of factors, primarily seasonality of demand, as fewer passengers fly during this period. However, managers are predicting a ‘World Cup’ effect later in the year as both domestic and international air travel increases.

Q1 2018 saw cargo income of RUB 3.7 billion, an increase of 11.8 per cent. At the same time, cargo and mail volumes grew by 9.6 per cent in Q1.

In Q1 2018, Aeroflot Group carried 11.0 million passengers, a 6.6 per cent year-on-year increase.

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James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.

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