Virgin Atlantic Cargo reported Wednesday its revenue grew 13 percent year-over-year in 2018 to 222 million pounds ($290 million), which was its strongest revenue performance in five years.
The company also experienced a 6 percent annual growth in volume to more than 244,000 tonnes, its best result since 2010. Virgin Atlantic Cargo said it achieved new records for tonnage from the U.K. and U.S. as well as on direct services to Delhi and Los Angeles and had a 50 percent year-over-year increase in pharmaceuticals volume.
“We achieved particularly strong growth from June onwards, resulting in the best Q4 performance in our 34-year history, with positive contributions from across our network and partnerships,” said Dominic Kennedy (pictured above), managing director, in a statement.
Virgin Australia launched a daily Sydney-Hong Kong service in July and Virgin Atlantic introduced twice-daily Johannesburg services in October, the latter of which contributed to a 15 percent year-over-year increase in volumes on the route and a 22 percent growth to Heathrow-Johannesburg revenues, the company said.
Florida ports see growth in tonnage, cargo value
A study projects the state’s seaports to increase cargo tonnage by more than 32 million tons in the next five years to 142.4 million tons in fiscal year 2022-23.
9 days ago