IAG Cargo spreads its wings in Q3 network expansion, despite weaker market

IAG Cargo today announced its third-quarter results, reporting commercial revenues of €302m ($353m) from 1 July to 30 September, an increase of  14.1% on the same period in 2019, at constant currency.
Overall yields for the quarter  were up 113.4% on last year at constant currency, reflecting the extra costs of a flying programme that continues to retain a substantial cargo-only schedule. Sold tonnes were down 42%.

CEO Lynne Embleton said: “The overall market was weaker than pre-pandemic …

The post IAG Cargo spreads its wings in Q3 network expansion, despite weaker market appeared first on The Loadstar.

Source: The Loadstar

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