newstodate.aero
JAN 10, 2005 (newstodate): 2004 ended on a high note for Icelandair Cargo.
-2004 ended well with a total of 35,500 tons carried which is 26,4 percent over 2003. Volumes grew in all markets, into Iceland, out of Iceland and trans-Atlantic, says Petur J Eiriksson, Icelandair Cargo managing director.
-We did see some dramatic shifts in trade flows caused by the fall of the US dollar. Exports to the USA had shown a steady growth over the last two years but started to slow down in October, actually declining in December by a quarter. On the other hand, imports from the USA have taken off in style with over 80 percent increase in December, and 65 percent year-on-year.
-Our freighter capacity was up in October with increase in flights to Liege from seven to eleven, from five to six to New York, and two more flights to Humberside, UK. This paid off with higher load factors of 77 percent in the last quarter, compared to 75 percent in 2003.
Mr Eriksson says the company expects a more moderate overall growth of 13 percent in 2005.
Icelandair Cargo plans to resume weekly Boeing B757 freighter flights to Halifax in Canada on 30 January, and B767-300 belly capacity flights to San Francisco in April, 2005.
-2004 ended well with a total of 35,500 tons carried which is 26,4 percent over 2003. Volumes grew in all markets, into Iceland, out of Iceland and trans-Atlantic, says Petur J Eiriksson, Icelandair Cargo managing director.
-We did see some dramatic shifts in trade flows caused by the fall of the US dollar. Exports to the USA had shown a steady growth over the last two years but started to slow down in October, actually declining in December by a quarter. On the other hand, imports from the USA have taken off in style with over 80 percent increase in December, and 65 percent year-on-year.
-Our freighter capacity was up in October with increase in flights to Liege from seven to eleven, from five to six to New York, and two more flights to Humberside, UK. This paid off with higher load factors of 77 percent in the last quarter, compared to 75 percent in 2003.
Mr Eriksson says the company expects a more moderate overall growth of 13 percent in 2005.
Icelandair Cargo plans to resume weekly Boeing B757 freighter flights to Halifax in Canada on 30 January, and B767-300 belly capacity flights to San Francisco in April, 2005.