Air, Freight News

IAG Cargo wilts over summer

[ October 31, 2019   //   ]

IAG Cargo’s quarter revenue from July 1 to September 30 was down 9.0% versus last year at constant currency, at €269m. Chief executive Lynne Embleton said it reflected the industry wide decline in air freight and weakening of global trade. However, IAG’s network breadth allowed it to take advantage of relatively robust demand for fresh and premium products, including the new partnership with Cargo Signal to provide comprehensive monitoring and tracking.