Thursday, June 20, 2024
IAG Cargo in Q1 double-digit growth

IAG Cargo in Q1 double-digit growth

IAG Cargo’s Q1 2018 results report commercial revenues of €276m over the period from January 1 to March 31, 2018, an increase of 10.9 per cent on 2017 at constant exchange.

Overall yield for the quarter was up 11.8 per cent while volumes were down 0.7 per cent, while capacity grew by 3.6 per cent.

IAG Cargo CEO, Lynne Embleton says: “A buoyant premium market has continued in to the first quarter of 2018. We’ve experienced good market conditions across the majority of our regions, with Europe and Asia Pacific – and particularly India – leading the way. Our specialist pharmaceutical offering, Constant Climate, has delivered continued growth, moving life-saving vaccines across the globe.

“Critical, our must-fly non off-loadable product, has surpassed 4,000 shipments since launch and has recently moved a variety of goods ranging from orthopaedic prosthetics and snowboards, to the world’s most expensive perfume.

“Q1 has also seen us explore new ways of using technology in order to enhance our customer experience. Most notably, at the start of the year we undertook the first airside trial of a self-driving vehicle at a UK airport in a move to explore the future of autonomy in airport logistics.”

IAG Cargo’s network offering continues to expand, with a new route from Madrid to San Francisco launched in April, a London Gatwick to Toronto service which began operating on 1 May and its first ever Dublin-Seattle flight which launches on18 May, while Heathrow-Nashville flight launches today.

IAG Cargo is the single business created following the merger of British Airways World Cargo and Iberia Cargo in April 2011. Following the integration of additional airlines into the business, including Aer Lingus, Vueling and bmi, IAG Cargo now covers a global network of over 350 destinations. In 2017 IAG Cargo had a commercial revenue of €1,084 million. It has a combined workforce of more than 2,470 people.

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James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.

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