Europe’s leading air cargo carriers are continuing to post lower traffic figures month after month while their smaller rivals are still boosting their market shares.
International Airlines Group carried less cargo in 2015 than a year earlier but its freight revenue grew as it focused on strategic partnerships and premium products to offset lower rates and yields in bearish global market.
International Airlines Group posted a slight increase in cargo revenue in the third quarter despite a bigger decline in volume as the Anglo-Spanish carrier scaled back freighter operations.
Russia’s AirBridgeCargo Airlines is pulling further ahead of its troubled European rivals as it continues to post double digit increases in traffic month after month.
IAG Cargo has indefinitely extended the capacity partnership agreement with Qatar Airways that marked the Anglo-Spanish carrier’s exit from freighter operations a year ago.
IAG Cargo and Finnair Cargo have signed an agreement to share space on a freighter service between London Luton and Helsinki airports as the two carriers map out a new strategy following their decision not to operate their own cargo aircraft.