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 …
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Source: The Loadstar