[050319.EN.AIR] IAG Cargo 2018 Revenues Increase 7.2pc to US$1.13 Billion

IAG Cargo has announced that its 2018 full year revenues increased 7.2 per cent year on year to EUR1.17 billion (US$1.13 billion).

Overall yield for the year was up 8.1 per cent at constant currency. Sold tonnes were up 0.2 per cent and CTK volumes were down 0.9 per cent while capacity grew by 3.8 per cent, said the IAG statement accompanying the results.

Said IAG Cargo CEO Lynne Embleton: "2018 saw our business delivering record revenues in a market that became more challenging as the year went on.

"Growth in our Constant Climate and Critical products contributed to a notable year for the business and helped differentiate IAG Cargo's customer offering."

She said that revenues from the company's Constant Climate product increased nine per cent, The importance of the service was highlighted in August when IAG transported over 5.3 tonnes of the diphtheria vaccine to Venezuela.

"In July we launched a new Critical Service Centre with a specialised customer service team dedicated to serving customers of our highest priority, non-off-loadable product," she said.

"Our Critical consignment count grew by 35 per cent, supporting must-fly shipments of products including aerospace and machinery parts, in-demand retail products, and technology components," said Ms Embleton.

Source : HKSG.