IAG Cargo revenue decline consistent with market

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.”

Share this story

Related Topics

Latest airlines news

Silk Way West flies yaks to Azerbaijan

Baku-hubbed Silk Way West Airlines has flown 116 yaks from Kyrgyzstan to Azerbaijan as part of a breeding programme. The…

Read More

Share this story

JD Airlines to lease four 737-800BCF from AerCap

AerCap has signed lease agreements for four 737-800 Boeing Converted Freighter (BCF) aircraft with JD Airlines, the cargo airline of…

Read More

Share this story

Emirates backs freighter conversion plans despite delays

Emirates SkyCargo has confirmed it is sticking with plans to convert 10 777-300ER passenger aircraft into freighters despite production delays….

Read More

Share this story