SF Airlines, the air carrier division of China’s SF Express, has taken delivery of its latest B757-200F converted freighter. The latest delivery takes the carrier’s fleet to 61 freighters.
The carrier is said to be expecting another two B757-200 converted freighters from Precision Aircraft Solutions in Chengdu alongside a B767-300F being converted at ST Engineering in Singapore.
This latest B757-200F was put into service to meet surging demand from China’s Double 11 shopping festival and upcoming online shopping festivals such as Double 12 and the 2021 Spring Festival. SF Airlines marked a new record during the Double 11 online shopping peak, with daily flights exceeding 180, according to Xinhua.
While boosting the company’s capacity, the airline also boosted its safety management, air-ground cooperation and training to ensure the efficiency of its air express deliveries during peak demand periods.
SF Airlines is the country’s largest dedicated air cargo carrier. It operates a global air cargo service network connecting more than 70 destinations at home and abroad.
China’s express delivery firms handled 675 million parcels nationwide on 11 November, the Double 11 online shopping festival, an increase of 26.16 per cent year-on-year, according to data from the State Post Bureau, Xinhua reports.
SF Airlines and SF Express parent company, S.F. Holding reported strong earnings growth in the third quarter of 2020 with net profit for the July-September period surging by 51.6 per cent year-on-year to around CNY 1.84 billion (USD 274 million) while revenue grew by about 34 per cent to CNY 38.46 billion, the company said in its financial report filed with the Shenzhen Stock Exchange.
In the first three quarters of the year, the company earned a net profit of CNY 5.6 billion, up by 29.8 per cent year-on-year, and generated revenue of CNY 109.6 billion, up by 39.1 per cent, it said.
The company benefited from the e-commerce boom during and in the wake of the peak of the COVID-19 epidemic in China. In September alone, it handled 728 million shipments for its express logistics service, a year-on-year increase of 60.4 per cent, the company says.