News / Etihad and IAG cargo arms see H1 revenue take off, but volumes vary

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Etihad Cargo has announced record-breaking revenue for the first half – despite tonnage falling 19% as passengers returned to the skies.

First-half revenues rose to $802m, up 6% on last year, accounting for more than one-third of total group income.

But the carrier noted: “Revenues remained strong despite the increase in passenger volumes limiting bellyhold capacity, leading to a 19% reduction in freight carried (295,020 tonnes).”

The results contrast with those of IAG Cargo, which released figures on Friday showing that it had ...