News / IAG Cargo passenger-freighter strategy pays off as yields rocket

IAG Cargo’s strategy of setting up a scheduled cargo network of passenger-freighters while the majority of its aircraft were grounded, has paid off.

It has announced that commercial revenues grew 33.1%, at constant currency, to €369m ($437.6m) from 1 April to 31 June, with yields up a staggering 224.7%, and sold tonnes down 51.2%.

IAG Cargo was quick to adjust to Covid and, as the virus rampaged around the world, set up a network of scheduled cargo and charter flights.

One UK customer ...