IAG Cargo has announced a strong set of first-quarter results, but observers question whether the success is sustainable, given the exodus of senior management and the lack of a chief executive.
Commercial revenues grew 50%, on a constant currency basis, to €350m ($425.75m), driven said IAG by automotive and e-commerce.
IAG Cargo is known for seeking bounteous yields and low tonnage, lacking the infrastructure for serious volume growth, and managed to achieve …
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Source: The Loadstar