TAAG cargo service generates USD 67 mln profits

 Luanda – The Angolan airlines TAAG reaped until August, 67 million US dollars with its cargo services surpassing the 55.5 million US dollars profit forecast for this year, ANGOP has learnt from a data disclosed Tuesday by the company.

The new service, which has been carried out by the airlines for over the past eight months, resulted in an exceptional revenue of over 20 percent, contradicting the primary projections made in January , when the service was launched.

 

The data adds that the performance is the result of teamwork and contracts signed by TAAG for charter flights, exclusively for cargo, between China and Latin America (Brazil), via Angola.

 

TAAG has several connections from Luanda to Chinese cities such as Changsha, Hong Kong, Guangzhou, Shanghai Hongqiao and Beijing for transportation of various goods such as raw materials, agricultural products, electronic equipment and others, the statement says.

 

The service is provided by three aircraft, two Boeing 777 for intercontinental connections and one Boeing 737 for regional routes.

 

"Cargo and mail transportation is increasingly strategic for TAAG, with a growing contribution to the company's sustainability", the statement said.

 

In parallel with the effort to increase revenue, TAAG is also committed to reducing costs. It also aims to reduce costs by about 10 million US dollars by August 2023.