News / IAG back in the black in 2013, with air cargo arm focused on yield discipline

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International Airlines Group moved back into the black in 2013, recording a pre-tax profit from continuing operations, after exceptional items, of  €227 m. However, speaking to The Loadstar, Steve Gunning, CEO of IAG Cargo, was forced to dismiss the huge disparity between its passenger and cargo fortunes as “two different industries in two very different places”.

While passenger revenue grew by nearly 6%, IAG Cargo announced full-year commercial revenue – flown revenue plus fuel surcharges – of  €1.07bn, a decrease of ...