News / IAG searches for bargaining chip on freighter contract as yields tumble

© Khunaspix Dreamstime.

IAG Cargo is believed to be reviewing its freighter operations as the market continues to face low yields and overcapacity.

The carrier withdrew its last freighter service between London and Shanghai last month, shifting it to Hong Kong, and, according to industry sources, has been looking to re-tender its cargo flying or renegotiate its contract on its three 747-8Fs.

“IAG gave just 10 days’ notice of its Shanghai cancellation,” said one experienced head of airfreight at a global forwarder.

“The yield ex-China was ...