Revenue slips at IAG Cargo
From Logistics Manager Magazine,
Published Friday 26 April 2019 10:37 am
IAG Cargo’s first quarter revenue was down 2.5 per cent on
last year at €275m, reflecting a decline in the international air
Although sold tonnes were up 2.5 per cent, yield fell 5 per cent. CTK
volumes (cargo tonne kilometre) were up 2.6 per cent, while capacity
grew by 4.8 per cent.
Chief executive Lynne Embleton said: A weak Asia Pacific market has
been partially offset by strong performance from South America and
Africa, helping us to steadily grow volumes. This change in regional mix
has reduced our average yields.
“Our investment in premium products has continued.”