Air, Freight News

IAG feels first effects of Covid-19

[ May 7, 2020   //   ]

IAG Cargo reported an 11.6% decrease in commercial revenues to €246m for the period from 1 January to 31 March 2020. Overall yield for the quarter was up 4.8% compared to the same time last year at constant currency. Chief executive Lynne Embleton said that the January and early February performance was solid but, like many global businesses with an active Chinese market, IAG Cargo felt the impact of the COVID-19 pandemic early, from March onwards.