Commercial revenue at IAG Cargo rose 2.3 per cent to €1,217 million last year, despite a 1.2 per cent fall in the volume of traffic.
Fourth quarter commercial revenue (flown revenue plus fuel surcharges) was €329 million versus €310 million in the same period last year.
Overall yield, measured by commercial revenue per cargo tonne kilometre (CTK), for the fourth quarter increased by 8.5 per cent versus the same period last year.
Volumes of 1,561 million cargo tonne kilometres (CTKs) for the quarter represent a decrease of 2.2 per cent versus the same period last year. For the twelve months the figure is 6,080 million CTKs, a decrease of 1.2 per cent on the same period in 2011. Cargo capacity for the quarter was up 3.3 per cent and up 3.5 per cent for the full year.
Steve Gunning, managing director for IAG Cargo said: “Given the continued challenging economic backdrop, we have remained focused on the continuing integration and alignment of the business. In 2013 we will continue to deliver valuable network reach for our customers, offering user-friendly multi-channel distribution and providing an outstanding product portfolio.”
IAG Cargo is the single business created following the merger of British Airways World Cargo and Iberia Cargo in April 2011. In April 2012, IAG completed the purchase of bmi, including bmi Cargo.