Thursday 9th Jul 2020 - Logistics Manager Magazine

Revenue rises 8pc at IAG cargo

IAG Cargo’s commercial revenue increased 8.1 per cent to €290 million in the third quarter while overall yield was up 9.3 per cent.

Chief executive Lynne Embleton said: “This quarter we have continued to see positive revenue growth, which has been driven in part by sustained growth in our Constant Climate and Critical products, as well as healthy regional demand out of Asia Pacific. Our continued growth over the course of 2018 is encouraging as we approach peak season and the year’s end.”

Sold tonnes were down 0.5 per cent and CTK volumes were down 1.0 per cent while capacity grew by 3.9 per cent.

IAG Cargo revenue increases by 10pc