IAG cargo’s slide

INTERNATIONAL Airlines Group’s (IAG) August cargo performance saw a 2.3 per cent gain in capacity from August 2010 but a combined year-over-year cargo loss of two per cent. Overall load factor also decreased slightly in August, falling from 77.1 per cent to 76.3 per cent year-over-year.

BA’s cargo operations were hit the hardest, with tonnage dropping 2.8 per cent year-over-year. Although Iberia contributed less to IAG’s airfreight operations, the Spanish flag carrier posted more modest losses in August with a one per cent decline in volumes from 2010.

“From a cargo standpoint, 2012 will see IAG establish a strong combined commercial platform – continuing to make progress on integrating processes, systems and the overall customer proposition,” managing director of IAG Cargo Steve Gunning said. “We will finish combining our revenue management systems, put the finishing touches to the single sales force, and continue to drive cost synergies through the business.”