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Turkish Cargo expansion strategy pays off with H1 income surging 24pc

TURKISH Cargo announced a 24 per cent year-on-year increase in the first half of the year due mainly to its freighter driven growth strategy.

The freight carrier increased its cargo destinations from 55 at the start of 2016 to 72 by the end of August 2017, with seven new destinations added in the past two months alone, including several expansions into Africa. Turkish Cargo also expanded its fleet with the addition of two 747-4 freighters, the company said.

The expansion pushed up Turkish Cargo"s ranking among international airfreight carriers, with the carrier announcing that it had moved into the top ten based on June data from WorldACD. According to Turkish Cargo, its cargo carried increased by 26.1 per cent year on year during the first half of 2017, New York's Air Cargo World reported.

Regionally, Turkish Cargo reported growth of 46.8 per cent in China and ranks itself third among cargo companies connecting Pakistan, Poland and the UAE and fifth among companies linking Austria, Bangladesh, Egypt and Finland.

The company expects to maintain its rapid pace of growth with a strategy that chief cargo officer Turhan Ozen called "aggressive". He said: "The company's vision is to move Turkish Cargo into the top five cargo players worldwide by 2023."