News / Airfreight carriers report dwindling revenues - but look forward to a strong year-end

British Airways' newest Airbus A380 (Reg: LEL) Taken: 24th June 2016 Picture by: Stuart Bailey / British Airways

IAG Cargo has recorded a 6.9% decline in airfreight revenues for the nine months to September, mirroring a pattern seen across the global airfreight market. But the market is expecting to see a strong end to the year.

IAG’s year-to-date revenue fell to €743m from €798m in 2015. For the three months to September, the picture was almost identical with a 7% year-on-year decline. The carrier noted that “challenging market conditions continue”. 

The falling revenues were the result of a 15% dip ...