CargoLogicAir’s FTK climb 36% and revenues double in 2018

CargoLogicAir’s (CLA) annual Freight Tonne Kilometres (FTK) grow by 36% in 2018 to 780,000 aligned with a 30% increase in block hours of 13,000. CLA has tripled volumes of Oil & Gas industry, Aerospace, Heavy Machinery and Humanitarian cargoes over the course of the year experiencing a doubling of its revenues year-on-year to over $200 million. Late 2018 marked the arrival of the airline’s fourth Boeing 747 freighter to support its scheduled cargo network and air charter services. The delivery kept CLA on track to achieve its planned fleet expansion, based on operating five freighters by 2020. David Kerr, CEO