Cargo carrier AeroUnion (6R, México City International) and investor Avianca Group through cargo subsidiary avianca cargo (QT, Medellín José Maria Córdova) have offered lower capacity in 2024 due to delays in the A330-300(P2F) conversion programme, according to group’s chief financial officer, Rohit Philip.
During the group’s third-quarter investor call, Philip said the company had slightly less freighter capacity and fewer revenues than last year but had maintained similar revenue trends.
“We had five older aircraft in our Mexican operation, which were A300s and B767s. They have all been grounded, and we are in the process of getting three A330 converted freighters into that operation,” he said, adding that only one is currently flying but hoping that capacity will ramp over time.
For the first nine months of 2024, Avianca Group registered USD544.7 million in cargo revenues, down from USD550.6 million in the same period last year.
Aerounion retired its last B767-200(ERBDSF) in July and its last A300-600R(F) in June, as it moves to a younger, standardised fleet.
The Avianca Group fleet comprised 163 aircraft at the end of the third quarter, including eight A319-100s, seventy-nine A320-200s, forty-five A320-200Ns, three A330-200s, seven A330-300(P2F)s, three A300-600Fs, sixteen B787-8s, and two B767Fs.
AeroUnion was not immediately available for comment.
