BA-Iberia Cargo Traffic Soars 11.5 Percent

BA-Iberia Cargo Traffic Soars 11.5 Percent

IAG, the merged British Airways-Iberia carrier, saw cargo traffic in December expand 11.5 percent year-over-year, helping to drive 2011 traffic 6.4 percent higher than in 2010.

The December figure was due largely to a 16.9 percent surge in BA volume that more than outweighed a 10.2 percent drop in Iberia’s cargo traffic. BA’s strong December performance was skewed by comparison with a year ago, when severe weather conditions in the U.K. and continental Europe grounded thousands of flights.

BA’s full year cargo traffic was up a more modest 4.4 percent on 2010, while Iberia ended the year 3.7 percent higher.

Air France-KLM, by contrast, saw traffic shrink 0.3 percent in December on 0.1 percent more capacity, which depressed the load factor by 0.3 percentage points to 68.1 percent. Cargo revenue declined 1.7 percent and yields, excluding the impact of currency movements, were down “slightly”.

The Americas was the best performing region in December with cargo revenue climbing 2.9 percent in contrast to a 1.9 percent decline on the Asia-Pacific network.

The Franco-Dutch carrier, which has significantly reduced its freighter capacity in recent months, said cargo revenue dipped 1.7 percent in 2011 from the previous year.

-- Contact Bruce Barnard at brucebarnard47@hotmail.com.