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IAG Cargo's revenue decreases more than 8 percent

By control on August 2, 2013

IAG Cargo announced Friday that commercial revenue during the first half of the year decreased by 8.3 percent year-over-year.

Cargo volumes, which reached 2,756 million cargo tonne kilometers, decreased by 8.4 percent versus the first half of 2012. Cargo capacity was down 2.7 percent.

Overall yield for the first six months of the year remained flat versus the same period last year.

"These results reflect the overall weak market conditions, particularly across the North Atlantic, and Iberia's capacity reduction, which affected our volumes in the first half of the year. Given these operating circumstances, we are pleased with our yield performance,” Steve Gunning, managing director at IAG Cargo, said. "Our progress on integration is delivering clear benefits to customers who have welcomed both the range and accessibility of the distribution channels now on offer. Additional commercial initiatives, such as our first ever worldwide sale and our premium product promotion through iagcargo.com, are working well to support the development of the business and build awareness of our extended network."