Air, Business, Freight News

IAG Cargo reports 18.5% increase in revenues

[ March 18, 2021   //   ]

IAG Cargo announced its 2020 full year results, reporting commercial revenues of €1,306 million over the period from January 1 to December 31, 2020, an increase of 18.5% on 2019 at constant currency. 
Overall yields for the year were up 94.6% on the same time last year at constant currency. Sold tonnes were down 34.9%.
“In 2020, the IAG Cargo team delivered exceptional results amid a challenging economic and capacity environment,” said Lynne Embleton, CEO at IAG Cargo. “Our top priority was to maintain a broad network and product proposition for cargo customers despite the pandemic. Without a freighter fleet, we adapted our operations and quickly established a comprehensive network of scheduled cargo-only flying using the group’s passenger aircraft.”