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IAG Cargo Q2 revenue rise

PRESS RELEASE

July 31, 2015: IAG Cargo today announced its Q2 results from April 1 to June 30, 2015, reporting an 8.8 per cent increase in commercial revenue to €259 million versus the same period last year.

IAG Cargo's revenue growth comes during a period of network expansion, with a capacity increase of 2.1 per cent.

In the second quarter, challenging market conditions placed pressure on yields which decreased 3.0 per cent at constant exchange, with volumes also finishing 2.1 per cent down on the prior year.

Steve Gunning, CEO at IAG Cargo commented: "Over the last three years IAG Cargo has been on a relentless drive to restructure our business and implement an operating model that performs well during market fluctuations. On the back of a strong Q1 and a softer Q2 market, IAG Cargo has delivered a set of results that demonstrates the resilience and adaptability of our business.

"Successes over the quarter include a record growth in our Premium Product tonnage; the introduction of a simplified freight rate structure for our customers; opening a new route into Kuala Lumpur and bringing two new Constant Climate stations online. We have also added 47 flights to our EuroConnector service, providing customers with a greater array of options for shipping goods into, around and out of Europe."

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