Stansted-hubbed freighter operator CargoLogicAir (CLA) saw its cargo traffic increase by 36% in 2018 to 780,000 freight tonne kms, while revenues doubled to $200m.
This is in line with a 30% increase in block hours as the carrier expanded its fleet - in late 2018 it took delivery of its fourth freighter, a Boeing 747-400F.
The delivery kept CLA on track to achieve its planned fleet expansion, based on operating five freighters by 2020.
CLA said it had tripled volumes of oil & gas industry, aerospace, heavy machinery and humanitarian cargoes.
CLA chief executive David Kerr said: “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.
"This year, we will look to support our customers with more frequencies as well as continuing to focus on improving the quality of our service and efficiency of our operations to meet the strong demand we are seeing."
He added: "We will also be looking to strengthen our team by recruiting more operations and engineering professionals as well as additional and differing level flight crew.
“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, CLA achieved a series of other important milestones in 2018, including being awarded a US Department of Agriculture (USDA) licence for flights between Europe and the US.
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.
Read more freighter operator news
Click here for a free digital subscription
A special feature on outsize and project cargo will appear in the March 2019 issue of Freighters World magazine
