Virgin Atlantic Cargo reported Wednesday its revenue grew 13 percent year-over-year in 2018 to 222 million pounds ($290 million), which was its strongest revenue performance in five years.
The company also experienced a 6 percent annual growth in volume to more than 244,000 tonnes, its best result since 2010. Virgin Atlantic Cargo said it achieved new records for tonnage from the U.K. and U.S. as well as on direct services to Delhi and Los Angeles and had a 50 percent year-over-year increase in pharmaceuticals volume.
“We achieved particularly strong growth from June onwards, resulting in the best Q4 performance in our 34-year history, with positive contributions from across our network and partnerships,” said Dominic Kennedy (pictured above), managing director, in a statement.
Virgin Australia launched a daily Sydney-Hong Kong service in July and Virgin Atlantic introduced twice-daily Johannesburg services in October, the latter of which contributed to a 15 percent year-over-year increase in volumes on the route and a 22 percent growth to Heathrow-Johannesburg revenues, the company said.
The airline in 2019 plans to expand capacity with the arrival of four Airbus A250-1000 aircraft and add a new route for cargo to Tel Aviv.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now