Strong start to the year by IAG

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IAG Cargo today announced its Q1 results from January 1 to March 31, 2015, reporting commercial revenue of €246m versus €250m for the same period last year. This was achieved on a capacity reduction of 8%.

Increased asset utilisation and premium product growth led to a 2 point improvement in load factor and a 2.7% yield improvement. The strong US dollar continues to stimulate inbound US trade and is driving positive exchange benefits.

Steve Gunning, CEO at IAG Cargo commented: “It’s been ...