IAG Cargo’s strategy of setting up a scheduled cargo network of passenger-freighters while the majority of its aircraft were grounded, has paid off.
It has announced that commercial revenues grew 33.1%, at constant currency, to €369m ($437.6m) from 1 April to 31 June, with yields up a staggering 224.7%, and sold tonnes down 51.2%.
IAG Cargo was quick to adjust to Covid and, as the virus rampaged around the world, set up …
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Source: The Loadstar