IAG Cargo revenue decline consistent with market
02 / 08 / 2019
IAG Cargo's Acentis building at London-Heathrow
In its 2019 half-year results, which were released today, IAG Cargo reported revenues of €281m from April 1 to June 30 – 3.2% lower than the same time period in 2018.
Sold tonnes, yield for the quarter and CTK volumes were also down; 1.1%, 2.9% and 0.4% respectively. However, the company’s capacity grew by 2.6%.
Commenting on the results, Lynne Embleton, CEO at IAG cargo, said: “Industry data continues to show a year-on-year decline in the global airfreight market.As our business is linked to global trade, our reported revenue reflects the difficult market conditions.
“Whilst our influence on short term market performance remains limited, our focus on implementing long term transformation for our business and leading the industry in investment and digital innovation remains unchanged. The development of IAGCargo.com now forms a core pillar of our customer offering, with improvements being deployed bi-monthly, greatly enhancing our customer experience. We are now taking 28% of our total global bookings online saving customers significant time in the booking process.
“Going into the second half of 2019, we remain focused on investing in the future of our business to enhance how we deliver for our customers.”