Saudia Cargo opened the year on a high note, reporting double-digit volume growth for the first three months.

Its cargo volumes were up 20% year-on-year in the first quarter of 2024, a nod to the carrier's efforts to navigate challenges posed by persisting global economic shifts and evolving market demands. 

The cargo carrier said this is also driven by Saudi export growth of 28% on a quarterly basis.

Saudia Cargo said it witnessed a significant 19% increase in total specialized product tonnage in Q1, driven by strong growth across all segments.

The Fashion segment saw an 85% tonnage increase, reflecting Saudia Cargo's adaptation to the industry's evolving demands.

It said that the Express segment achieved 9% growth, ensuring the prompt delivery of time-sensitive shipments.

Meanwhile, the e-commerce segment boasted the highest Q1 tonnage flown, with a 34% growth.

Teddy Zebitz, chief executive officer of Saudia Cargo, noted that the company's proactive approach in implementing a series of strategic initiatives and partnerships has directly contributed to a successful start to operations since the beginning of the year.

"One notable initiative was the expansion into the Asian market and enhancement of the flight network by introducing two weekly flights to Shenzen, China," he said.

Zebitz also highlighted a notable rise in cargo rates on passenger aircraft operated by Saudia Airlines, leveraging cargo capacities.

This increase is estimated at 38% compared to the same period last year, coinciding with peak holiday seasons and the month of Ramadan.   

"At Saudia Cargo, we are thrilled to see the incredible strides we have made in Q1 2024. Our strategic partnerships with Worldwide Flight Services (WFS) and Cainiao Group have transformed cross-border e-commerce logistics, amplifying customer service and industry innovation," he said.

Saudia Cargo noted that it achieved the highest monthly flow tonnages for the month of March 2024 since 2017.

"In a pivotal move, we have also bolstered operational capacity by welcoming new 747 aircraft to our fleet, ensuring enhanced efficiency and timely delivery of cargo worldwide. As we continue to navigate dynamic market conditions, we remain focused on delivering exceptional value to our customers and driving growth in the global air cargo industry," Zebitz said.