Air cargo in new balancing act as rates ease and fuel costs climb
Air cargo carriers are facing an increasingly challenging market, with spot rates beginning to cool, ...
© Khunaspix Dreamstime.
By Alex Lennane
In yet more evidence that the second quarter of the year has hit first-half numbers, IAG Cargo announced that its Q2 revenues fell 3.2% to €281m, with tonnage down 1.1% and yield down 2.9% at constant currencies.
Cargo tonne km (CTK) were also down, 0.4%, while capacity grew by 2.6%.
“Industry data ...
Comment on this article