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 ...
By Alex Lennane
IAG Cargo today blamed “excess capacity and reduced demand” for a 4.6% fall in adjusted commercial revenues in 2015.
While it reported a 3.2% rise in commercial turnover, to €1bn for the year, revenues fell on a like-for-like basis, it said.
Yields were down 4% – not a bad result when, according to WorldACD, air cargo industry yields fell 14% last year. Volumes for the carrier were flat while capacity grew 3%.
In Andrew Crawley’s first media statement since taking over from Steve Gunning ...
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