Qatar Airways Cargo reported 4.6% cargo volume in the fiscal year ending March 31 despite losing much of its bunker network due to the pandemic.
Qatar Airways’ cargo division handled a total of 2,727,986 tonnes of cargo in fiscal year 2020/21 to maintain its position as the world’s largest freight carrier (FedEx and UPS freight operators in the lead when parcel volumes are taken into account).
The increase comes as the freight sector more than tripled its daily services at the height of the pandemic, making a record 183 flights in one day during the month of May 2020.
Qatar Airways Cargo also operated more than 1,100 charters in 2020/21 carrying more than 53,000 tonnes of aid, medical supplies, food and live animals, among other cargo.
It also added three more B777 freighters to its fleet in January this year, bringing its cargo operation at 24 B777Fs and two B747-8Fs.
The cargo carrier has also converted six Boeing 777-300ERs into mini-freighters to meet demand for air cargo.
This increase in freight handled, along with a significant increase in freight yield, also saw the carrier’s freight revenues more than double.
Revenues from regular freight operations reached QAR 18.5 million compared to QAR 9.9 million in the previous year.
“With the pandemic causing a substantial decline in international passenger demand, the airline’s cargo operations have been a significant contributor to Qatar Airways Group revenue streams, maintaining the commercial viability of many of the company’s global passenger routes. airline, âthe airline said in its annual report. .
The carrier also highlighted its investments in digital and sustainability.
âThe freight carrier has launched several initiatives, including online rate distribution, ad hoc rate automation, tracking and traceability and availability via API,â he said.
âIn February 2021, Qatar Airways Cargo took a digital leap forward by providing freight forwarders with real-time electronic fares, capacity and reservations through WebCargo, marking a milestone in the digitization of air cargo. “
The transporter also launched its WeQare initiative, which provided free transport of 1 million kg of humanitarian aid and medical supplies to charities and free transport of wild animals to their natural habitat.
Qatar Airways Cargo also signed a five-year agreement with UNICEF to support the organization’s Humanitarian Air Cargo Initiative to prioritize the transport of vaccines, drugs, medical devices and essential supplies.
This was in addition to a two-year pact signed in May 2020 to help UNHCR transport crucial aid supplies. The carrier has transported more than 20 million doses of Covid-19 vaccine to more than 25 countries.
At the same time, the whole Qatar Airways group reported a net loss of QAR14.9 billion, of which QAR 8.4 billion was due to a one-time depreciation charge related to the downtime of Airbus A380 fleets and Airline A330.
Qatar Airways Cargo kicks off 2021 with a trio of B777Fs