News / Early passenger-to-freight conversions cushion IAG Cargo Q1 results

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In what could be one of the first indications of how cargo carriers have fared financially during the Covid crisis, IAG Cargo said this morning revenues had fallen 11.6% in Q1.

IAG Cargo reports few results, but it said between 1 January and 31 March, it saw commercial revenue of €246m ($265m), with yields up 4.8% compared with last year at constant currency. Capacity was down just 13.8%.

Sold tonnage was down 14.9%, while cargo tonne km (CTKs) fell 15.7%.

But the problems ...