International Airlines Group, the merged British Airways-Iberia carrier, boosted cargo traffic in October by 0.6 percent from a year ago as a strong performance by the U.K. airline in a weakening global market offset a continuing slump at its Spanish partner.
Cargo revenue grew 2.4 percent on a similar increase in capacity, which left the load factor down 0.1 percentage points at 74.5 percent.
BA continued to buck the global industry trend with traffic up 4 percent from October 2011, which contrasted with a 14.8 percent decline at Iberia’s smaller cargo unit.
BA’s traffic in the first ten months of the year is 1.8 percent up on the same period in 2011 while Iberia’s volume is down 13.1 percent.
IAG is due to report its third quarter results on Nov. 9.