News / IAG Cargo praised for quick reaction to pandemic, but group is in the red

26/02/2021

IAG Cargo’s 18.5% rise in revenue to €1.3bn ($1.6bn) was severely overshadowed by the group’s overall €7.4bn full-year loss.

Passenger revenue dived 75%, from €22.4bn to €5.5bn, while it burned through €4.1bn in cash last year.

Its cargo division, as with other airlines, was the star of ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.

Current subscriber

New subscriber