Air, Business, Freight News

IAG Cargo delivers Q3 revenues of €373 million

[ October 28, 2022   //   Gary G Burrows ]

IAG Cargo recently reported that the carrier saw Q3 2022 revenues of €373 million for the period from July 1 to September 30, 2022. The Q3 results take IAG Cargo’s year-to-date revenue to €1,216m, up 3.6% in comparison to YTD 2021.

In Q3, the business continued to offer increased services across its network, with capacity between London-Heathrow, Madrid and the US more than doubling in the quarter (compared to Q3 2021). Overall, the business saw capacity increase by 35.9% on Q3 2021, as measured in available tonne kilometres (ATKs).

IAG Cargo’s product for perishables, Constant Fresh saw volumes up 114 % on Q3 2021. The extra lift out of the US has provided an important lifeline to US growers transporting their goods across the Atlantic, with a notable increase of those goods landing in the Middle East where flights have doubled from IAG Cargo’s London Heathrow hub since Q3 2021.

Celebrating 5 years of its SME loyalty program FORWARD.REWARDS, IAG Cargo saw YTD transactions from small and medium freight forwarders increase 20% on the same period in 2021. Expanding its reach further, the business signed a new partnership with Neutral Air Partner in June 2022 whilst continuing to also work closely with the WCAworld network of freight forwarders.

Tags: IAG Cargo