Weaker market and Q1 revenue dip brings high-flying IAG Cargo back to earth

May 10, 2019 Alexander Whiteman

IAG Cargo recorded a 2.5% dip in revenue for the opening three months of 2019, after introducing two services dealing directly with end consumers.
First-quarter turnover dropped to €275m as capacity growth of 4.8% outstripped the 2.6% volume growth, with chief executive Lynne Embleton blaming a generally weak market.
“As expected, the air freight market has declined, but a weak Asia Pacific market has been partially offset by strong performance from South ...

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