As overcapacity and weak demand continue to plague the global transportation industry across modes, competition for cargo has only intensified.
30 Apr 2015
IAG Cargo posted lower revenue and reduced volumes in the first quarter as the carrier continued to feel the impact of its exit from freighter operations.
27 Feb 2015
International Airlines Group’s cargo revenue declined 7.5 percent in 2014 from the previous year, largely because the owner of British Airways and Iberia quit freighter operations.
10 Dec 2014
Lufthansa Cargo managed to increase traffic in November despite ongoing strikes by pilots, while its leading European rivals posted lower volumes as they prepare to downsize their freighter operations.
31 Oct 2014
IAG Cargo’s revenue declined nearly 8 percent in the third quarter as a reduction in British Airways freighter operations offset an improved performance at its Spanish partner Iberia.
08 Sep 2014
The gap between the sluggish European air cargo sector and the resurgent global market looks set to widen with two of the region’s leading carriers posting declines in freight traffic in August.