Turkish Cargo Growth Continues Despite Decrease in Air Cargo Market
One of the world’s fastest-growing air cargo carriers, Turkish Cargo, recently announced they had bucked the trend of the currently shrinking global air cargo sector by increasing their cargo tonnage by 9.6 per cent in February.
Due to their continued growth throughout 2019, Turkish Cargo has now risen to number 7 in in the WACD (World Air Cargo Data) after recording a 9.6 percent increase in their tonnage despite the 5.8 decrease in the air cargo market along with 5.7 percent fall in the demand according to IATA (International Air Transport Association) reports during January and February.
Chairman of the Board and the Executive Committee for Turkish Cargo, M. İlker Aycı had this to say, “We are happy about the continuous rise of Turkish Cargo in the global air cargo market. We can’t say that the success we achieved during the first two months of 2019 was a surprise. We continuously experience these exciting achievements, especially in recent years. For instance, in the last two years, we rose from 12th place to 7th place after surpassing five big global air cargo brands from Europe and the Far East. Especially considering that the shrinkage in demand for the market causes gloom in the sector with disappointing numbers, this success brightens the future of Turkish Cargo even more. With our determination and growth strategy in the air cargo market, Turkish Cargo will be one of the top five air cargo brands in the world. I express my thanks to all my colleagues who contributed to this success.”
Currently, the air cargo carrier is operating as a ‘Dual Hub’ as they move operations to Istanbul Airport while still active at Ataturk Airport. The redevelopment of Istanbul Airport is nearly finished and when complete Turkish Cargo will have the capacity of handling 4 million tonnages of cargo in a year thanks to its cargo terminal with 300 thousand m² indoor space.