In parallel to the worldwide decline, there was a loss in unit revenue of 4.9%; yet the total revenue of Turkish Cargo rose by 12.7%. Turkish Cargo increased carried freight revenue by 5.7% to USD 49 million.

The year of 2012 was a difficult one worldwide in terms of cargo transportation, where high oil prices and economic recession affecting world economies in particular had a negative impact.

Due to a low global growth rate of around 2% and a weakly rising international trade volume in the previous period; global air cargo transportation has followed a downward trend since its record of 16 billion ton-km registered in June 2010.

The June 2012 figure is 1 billion ton-km lower when compared to two years ago. International cargo revenues have fallen significantly over the past year. Cargo revenues, attained via the (IATA) CASS system of the International Air Transport Association, regarding “inbound” and “outbound” transfers, have regressed to USD 8 billion from USD 9 billion over the past 15 months.

Despite these industrial challenges, Turkish Cargo has not compromised on quality, having managed to carry a 21% larger cargo volume than in the previous year. And while, a 4.9% loss in unit revenue was recorded in parallel to the worldwide decline, the total revenue of Turkish Cargo rose by 12.7%.

Turkish Cargo increased carried freight revenue by 5.7% to USD 49 million.

In parallel to the worldwide decline, there was a loss in unit revenue of 4.9%; yet the total revenue of Turkish Cargo rose by 12.7%. Turkish Cargo increased carried freight revenue by 5.7% to USD 49 million.

Turkish Cargo Main Indicators
  2011 2012 2012/2011
Total Income (USD) 642.083.593 723.530.840 12,7
Total Carried Freight (ton) 387.838 462.468 19,2
Unit Income R/Y (USD) 1,64 1,56 (4,9 )

In 2012 Turkish Cargo continued to develop its fleet and flight network structure. Having started out with six cargo aircraft in 2011, as of the end of 2012 the number had risen to seven (A310-300F, four aircraft, A330-200F, three aircraft). Moreover, the number of destinations to which Turkish Cargo makes scheduled cargo flights rose from 33 to 38 in the same period.

In 2012 Turkish Cargo realized the largest freight ton sales to Turkey, the Far East and Europe-1 regions.

In income terms, the Far East, Turkey and Europe-1 regions were the highest generating regions in 2012.

Additionally, in 2012, 67 charter flights were operated, of which 62 were commercial (Helsinki charter flight, which is transferred to scheduled flights is excluded), while five were charitable. As a result income of USD 6,001,870 has been achieved through these flights.

Turkish Cargo introduced many innovations during 2012. These projects beginning with products and services and extending to new terminal construction confirm the vision of the company.

Turkish Cargo, 2012 Innovations

Warehouse Project, the construction of the new cargo terminal station, will start in April 2013. This project will carry the Company to new forefronts of international cargo transportation. The terminal will be constructed on an area of 45,000 m2, and will have an annual cargo capacity of 1.2 million tons. The opening of the terminal is planned for the second quarter of 2014. For the increasing demand in this period, an extra cargo storage area is being constructed on an area of 10,000 m2 to be completed by June 2013.

Meanwhile, the Company’s existing cargo IT infrastructure has been improved. The TACTIC system implemented for cargo process management over the past 20 years is set to be superseded by the COMIS (Cargo Operations Management and Information System) Project, planned to commence at the beginning of 2013.

According to the plan, the tender process for the Cargo RM (Revenue Management) Project, expected to leverage Turkish Cargo revenues, is planned to be completed within 2013.

In 2012 Turkish Cargo managed to carry 21% more cargo than the previous year. And while, a 4.9% loss in unit revenue was recorded in parallel to the worldwide decline, the total revenue of Turkish Cargo rose by 12.7%. Turkish Cargo increased carried freight revenue by 5.7% to USD 49 million.