News / Asia Pacific the star performer as IAG Cargo reports strong third quarter

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IAG Cargo enjoyed a 4.3% rise in revenue over the first nine months of this year, to €775m.

However, volumes fell while cargo tonne km (CTK) grew, indicating fewer or smaller shipments flying further distances.

CTKs rose 5.9%, but tonnes carried fell 8.3% to 543,000. Revenue per CTK fell 1.5% to €0.18.

In its three-month results to the end of September, commercial revenues rose 7.9% to €259m, with overall yields up 2.4% at constant exchange. CTKs rose 7.7% but tonnes carried fell 0.6% ...