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IAG Cargo today announces its Q3 results from July 1 to September 30, 2013, reporting commercial revenue (flown revenue plus fuel surcharges) of €256 million, a decrease of 14.1 per cent against the same period last year.
Changes in exchange rates, in particular the strengthening of the Euro against other currencies over the last year, have had a significant impact on revenues. At a constant exchange rate, Q3 revenue would be down 9.4 per cent.