QR, IAG, MAS announce air cargo partnership – but are conditions right?
Three Oneworld airlines are attempting a move which has had little success in cargo to ...
In what could be one of the first indications of how cargo carriers have fared financially during the Covid crisis, IAG Cargo said this morning revenues had fallen 11.6% in Q1.
IAG Cargo reports few results, but it said between 1 January and 31 March, it saw commercial revenue of €246m ($265m), with yields up 4.8% compared with last year at constant currency. Capacity was down just 13.8%.
Sold tonnage was down 14.9%, while cargo tonne km (CTKs) fell 15.7%.
But the problems ...
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