IAG Cargo warns of capacity excess, but parent is confident as rivals falter

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IAG Cargo this morning announced that its Q3 revenues fell 8%, year-on-year, while volumes fell 4.5% and capacity declined 6.5%. Yields too fell 3.4%. But if the freighter operations are removed from last year’s figures to give a like-for-like basis to the numbers, things looked a little better. Volumes increased 12%, while yield was down 3%. IAG Cargo executives have noted that since the freighters left the fleet, they have been able to concentrate more fully on filling the bellies. ...