In what could be one of the first indications of how cargo carriers have fared financially during the Covid crisis, IAG Cargo said this morning revenues had fallen 11.6% in Q1.
IAG Cargo reports few results, but it said between 1 January and 31 March, it saw commercial revenue of €246m ($265m), with yields up 4.8% compared with last year at constant currency. Capacity was down just 13.8%.
Sold tonnage was down …

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Source: The Loadstar