CargoLogicAir records another year of growth in 2018

29 Jan 2019 10:22 AM | Anonymous

Original news was published on 29 January 2019

British cargo airline CargoLogicAir (CLA) has seen recorded revenue of over $200 million last year.

The all cargo carrier's annual Freight Tonne Kilometres (FTK) grew by 36 percent in 2018 to 780,000 aligned with a 30 percent increase in block hours of 13,000.

CLA has tripled volumes of Oil & Gas industry, Aerospace, Heavy Machinery and Humanitarian cargoes over the course of the year.

In late 2018, the all cargo carrier received its fourth Boeing 747 freighter to support its scheduled cargo network and air charter services. The delivery kept CLA on track to achieve its planned fleet expansion, based on operating five freighters by 2020.

David Kerr, CEO of CargoLogicAir, commented: "2018 was another year of significant achievements for CargoLogicAir as we witnessed higher demand from our customers in the UK, North America and Europe. We expect 2019 to present new growth opportunities as well as some challenges and we are confident of being able to deliver another strong result."

"By investing in our business and putting in place a clear plan for sustainable growth, we will continue to develop our partnerships with clients across a wide range of sectors, including the aerospace, automotive and pharmaceutical industries. Naturally, we are closely monitoring the Brexit situation and staying close to our customers and other stakeholders to ensure we offer solutions which keep supply chains moving efficiently in the event of any border delays or disruption."

In addition to another year of growth, CargoLogicAir achieved a series of other important milestones in 2018, including being awarded a USDA licence to help connect European and North American customers more efficiently.

The year also saw CLA move its headquarters close to London Heathrow to be at the centre of international commerce, while maintaining its operating base at London Stansted.