Freight News, Air

IAG revenue down but trend is up

[ February 27, 2015   //   ]

IAG Cargo says its commercial revenue (flown revenue plus fuel surcharges) in 2014 fell 7.5% compared with 2013, to €992m. But on a like for like basis, adjusting the prior year’s figures to reflect its reduced freighter operations, commercial revenue increased 2.4% compared with last year.

CEO Steve Gunning said the carrier had “delivered on our promise to lead the industry in sensible capacity management; replacing our freighters with capacity agreements on key trade lanes and launching EuroConnector, which benefits customers through time definite services and has increased narrow body usage across our European Network.”