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January 19, 2021

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SF Express expands amid strong revenue growth

Source: Xinhua | 00:05 UTC+8 January 19, 2021 | Print Edition

China’s express delivery giant SF Holding yesterday reported a jump in its core business for December, with express delivery revenue surging 30.77 percent year on year to about 14.74 billion yuan (US$2.27 billion), the company said in a report filed with the Shenzhen Stock Exchange.

Volume increased 48.97 percent from a year earlier to about 870 million pieces of mail. SF Airlines, China’s largest air cargo carrier, has expanded its all-cargo freighter fleet to 63 aircraft, it said yesterday with a newly converted B767-300F all-cargo freighter.

That is the second addition to the fleet in 2021.

It is also the fleet’s ninth B767-300F freighter.

It will be flown on routes linking regional air hubs to serve the upcoming Spring Festival express delivery peak.

Headquartered in Shenzhen, SF Airlines is the aviation branch of delivery giant SF Express.

It has been continuously improving its fleet composition, which serves short, medium and long-haul operations.

SF Airlines has expanded its global network to 77 destinations at home and abroad, reaching Asia, Europe and North America.

China’s international air cargo transport capacity has been sustained by the effective green channel measures adopted during the pandemic period.

The sector has contributed to the transport of vital supplies and the stability of global supply chains as the pandemic reshaped business models around the world.

During the reporting period, its supply chain business revenue came in at 868 million yuan, a year-on-year increase of 50.69 percent, the company said.

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