News / IAG Cargo blames overcapacity and lack of demand for flat results in 2015

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 ...