M&A speculation swirls as EV Cargo unveils 'robust financial position'
EV Cargo has published improved financial results – but has remained tight-lipped about increasingly loud ...
By Alex Lennane
IAG Cargo’s strategy of setting up a scheduled cargo network of passenger-freighters while the majority of its aircraft were grounded, has paid off.
It has announced that commercial revenues grew 33.1%, at constant currency, to €369m ($437.6m) from 1 April to 31 June, with yields up a staggering 224.7%, and sold tonnes down 51.2%.
IAG Cargo was quick to adjust to Covid and, as the virus rampaged around the world, set up a network of scheduled cargo and charter flights.
One UK customer ...
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