Saudia Cargo reports 20% growth in first quarter of 2024

With a 20 per cent increase in cargo volumes, driven notably by a 28 per cent growth in exports, Saudia Cargo demonstrated its capacity to adapt and excel in challenging market conditions in Q1 of 2024, Teddy Zebitz, CEO, said. Significant growth was observed across specialised product segments, with the fashion segment soaring by 85 per cent, the Express Segment growing by 9 per cent, and the e-commerce segment leading with a 34 per cent increase. Zebitz attributed these achievements to strategic initiatives and partnerships, including an expansion into the Asian market and enhanced flight networks, such as introduction of two weekly flights to Shenzen, China.