Air, Freight News

Good growth for IAG Cargo

[ February 28, 2025   //   Chris Lewis ]

IAG Cargo reported commercial revenues of €1,234 million for 2024, up 6.7% year on year. Chief executive David Shepherd said the business achieved strong growth with demand surpassing the record volumes of 2021. He added: “External factors are continuing to have an impact on air cargo logistics and consumer behaviour. The industry experienced a two-speed market during the year. In the East, supply chain constraints and geopolitical factors drove yield growth but limited capacity, while conversely, capacity outpaced demand, putting pressure on yields.”

In 2024, the business introduced a market-based pricing system to better align offerings with real-time market dynamics and a new revenue management system was also implemented.

Capacity for temperature-controlled cargo at its Madrid perishable facility expanded by 45%, along with a new operations control centre at London Heathrow.

Tags: IAG Cargo