Air, Freight News

IAG revenue down but trend is up

[ February 27, 2015   //   Chris ]

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.”

Tags: IAG