Freight IAG Cargo experiences record quarter for 10th anniversary
International Airlines Group (IAG) Cargo has released record second-quarter revenues as the division celebrates its 10th anniversary.
The cargo division of the International Airlines Group IAG has released its figures for the second quarter of 2021. According to the company, IAG cargo was able to register a record in revenues, fitting the 10th anniversary the company celebrated in April.
In the period between April 1st and June 30 of 2021, IAG Cargo was able to gain 419 million Euros in revenue, representing an increase of 17.3 percent when compared to the same time-frame last year at constant currency.
Of course, the return to partly normality with governments lifting travel restrictions enabled airlines to offer many more flights, on which then more cargo was being transported. In Q2, sold tonnes were up 56.2 percent, resulting in an accumulated revenue of 769 million Euros for the year so far.
Elizabeth Haun, Chief Financial Officer said: “Q2 was an exciting quarter for IAG Cargo and delivered another set of strong results. We celebrated our 10 year anniversary in April and in June partnered with Kuehne+Nagel to source 1.2 million litres of Sustainable Aviation Fuel, enough to power 16 flights across the Atlantic. IAG Cargo charters and cargo-only flights remained sought after in the quarter, and whilst we welcome the return to passenger flying especially out of Spain, we continue to be impacted by passenger restrictions in the UK and Ireland.
During the second quarter, ecommerce was continuously the driver of activity. The business moved a diverse range of products from electronics to fashion and sporting equipment, IAG Cargo stated. For example, 95,000 bottles of Italian wine were transported the the USA.
To help regions during the pandemic, IAG also offered charter flights. “During the quarter IAG Cargo operated an extensive charter programme on top of its cargo-only schedule. This included flights operated for charity with British Airways, providing medical equipment and relief into India as the country experienced a rapid rise in COVID-19 cases,“ IAG Cargo wrote in a statement.
IAG is one of the largest airline conglomerates in the world. To the group, airlines like British Airways, Iberia, Level, Vueling or Aer Lingus belong. Combined, IAG is maintaining a fleet of over 530 aircraft, as more and more state-of-the-art aircraft are entering the airline´s fleets.
Source © iagcargo.com