Monday, June 17, 2024

IAG Cargo revenue falls as market weakens

Revenue and tonnage have fallen for IAG Cargo as the market weakened, but demand for premium products has remained robust. Third quarter cargo revenue was down 7.2% to €269 million, and sold cargo tonnes were down 5.7% to 162,000. In the first nine months of 2019, cargo revenue fell by 2.6% to €825 million, with […]

IAG Cargo revenue dips as market weakens

Second quarter revenue at IAG Cargo was €281 million, down 3.2% at constant exchange, with volumes remaining static as the air cargo market remains slow. Sold cargo tonnes were down 1.1% to 172,000 tonnes and cargo tonne kilometres were down 0.4% to 1,410 million. In the first six months of 2019, cargo revenue dipped by […]

Premium products performing well for IAG Cargo

IAG Cargo announces record-breaking fourth quarter

Commercial revenue at IAG Cargo increased by 7.2% to €1.1 billion with a strong start to 2018, though growth slowed as the year progressed. Cargo increased by 0.2% to 702,000 tonnes with yields improving by 8.1%, with premium products performing well, with investments in a new Constant Climate Centre in Madrid, a Critical Service Centre […]

Premium products drive Q3 growth at IAG Cargo

Revenue at IAG Cargo increased by seven per cent in the third quarter of 2018 with demand for premium products proving strong. Third quarter cargo revenue was up to €290 million, with yields measured in CTK rising 8.1 per cent to €20.44. When releasing results for the IAG group, it says demand in Asia Pacific […]

IAG Cargo selects finalists for Hangar 51 start-up programme

IAG Cargo has announced the finalists for this year’s Hangar 51 start-up programme, with the final three offering voice communication, analytics and video footage of ramp operations. Hangar 51 is a global innovation programme led by International Airlines Group (IAG) in collaboration with IAG Cargo, British Airways and Avios. Shortlisted start-ups presented their products and […]

Revenue rises but volumes remain flat for IAG Cargo

British Airways Boeing 777-200

Revenue at IAG Cargo has increased 9.6 per cent in the second quarter of 2018 with higher yields making up for volumes remaining flat. For the period between 1 April and 30 June, commercial revenue increased 9.6 per cent at constant exchange rates to €281 million, with yields rising 10 per cent. Sold tonnes remained […]

IAG Cargo brings Assyrian treasures to the British Museum

IAG Cargo will be the logistics partner for the BP exhibition ‘I am Ashurbanipal: king of the world, king of Assyria’ at the British Museum. The carrier will transport a number of important loans from museums across Europe with its Secure service for the exhibition, which will be open to the public from 8 November […]

IAG’s Hangar 51 programme returns for a third time

IAG Cargo is seeking applications for the IAG Hangar 51 global innovation programme, inviting start-ups to join the industry-leading accelerator programme to transform the aviation industry. The Hanger 51 programme offers disruptive companies 10 weeks of co-working alongside IAG, and IAG Cargo is seeking applications with ideas or products to optimise cargo operations. Ideas could […]

IAG Cargo conducts first self driving vehicle test at Heathrow Airport

IAG Cargo has undertaken the first airside trial of a self-driving vehicle at a UK airport to understand how they could be used in an airside environment. The CargoPod vehicle was designed by Oxbotica – an Oxford based company specialising in self-driving software, and it spent three and a half weeks running autonomously along a […]

Buoyant market conditions help IAG Cargo revenue grow 8%

Revenue at IAG Cargo has increased by eight per cent in 2017 helped by the market improving throughout the year, ending with a very strong fourth quarter. Commercial revenue grew from €1.02 billion in 2016 to €1.08 billion in 2017 helped by what IAG Cargo describes as an “unexpectedly buoyant market in 2017”, especially in […]

IAG Cargo makes changes to its executive team

IAG Cargo has made three changes to its executive team including creating two new roles, which it says has been done to align with its business priorities. From 1 December commercial director, David Shepherd will take on the position of director of digital ventures. Meanwhile, IAG Cargo has appointed a new director of sales, marketing and […]

Pharma and e-commerce help IAG Cargo revenue grow 7.6% in Q2

Commercial revenue at IAG Cargo increased 7.6 per cent to €260 million ($304.3 million) with growth coming from cross border e-commerce and pharmaceuticals, and strong regional performances in Asia Pacific and Europe. Overall yield for the second quarter was up 1.1 per cent at constant exchange, with volumes increasing 6.4 per cent and capacity growing […]

IAG Cargo appoints Embleton as chief executive to replace Crawley

IAG Cargo has appointed Lynne Embleton as its new chief executive with immediate effect – replacing Drew Crawley – who becomes chief executive of Avios. Embleton moves from her role as British Airways managing director at Gatwick Airport and will also join the IAG management committee, reporting directly into its chief executive Willie Walsh. She has over 25 years of […]

Andrew Crawley to become IAG Cargo chief executive

British Airways chief commercial officer, Andrew Crawley is to become the chief executive of IAG Cargo from January 2016. Crawley is taking over from Steve Gunning, who is leaving IAG Cargo to become British Airways’ chief financial officer. Crawley will report to the IAG chief executive, Willie Walsh and become a member of the Group’s […]