Referencing 2015\u2019s challenging market conditions, IAG Cargo reported just over \u20ac1 billion in cargo revenue for 2015, which was up 3.2 percent year-over-year. Yield was down 4 percent compared to 2014 while capacity was up 3 percent.
\n\u201cThe airfreight industry experienced another challenging year with capacity exceeding demand,\u201d said Willie Walsh, IAG\u2019s CEO. \u201cIAG Cargo continued its focus on strategic partnerships, with an increase in its capacity share agreement with\u00a0Qatar Airways\u00a0and a new agreement with Finnair Cargo. Cargo volume measured in tonne kilometers (CTK) decreased 2.9 per cent with a reduction in yield of 3.9 per cent at current calendar year. Despite a decrease in CTKs, IAG Cargo grew its volumes in constant climate and prioritized premium products improving its net contribution to the group.\u201d
\nNet exceptional charges at the operating profit level for the group included property, IT and other items related to the acquisition of Aer Lingus at a cost of \u20ac33 million, and British Airway\u2019s \u20ac35 million settlement in the 2006 cargo cartel case. After adjusting 2014 figures to reflect a comparable operation, 2015 revenue for the cargo arm of the group including Aer Lingus, decreased 4.6 percent over 2014.
\nWalsh predicted IAG to generate \u201can absolute operating profit increase similar to 2015.\u201d Revenue for the first quarter of 2016 appears to be in line with the first quarter of 2015 he said.
\n\u00a0
\n\u00a0
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
Referencing 2015\u2019s challenging market conditions, IAG Cargo reported just over \u20ac1 billion in cargo revenue for 2015, which was up 3.2 percent year-over-year. Yield was down 4 percent compared to 2014 while capacity was up 3 percent. \u201cThe airfreight industry experienced another challenging year with capacity exceeding demand,\u201d said Willie Walsh, IAG\u2019s CEO. \u201cIAG Cargo[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":1156,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[49],"class_list":["post-1155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-airport-code"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/posts\/1155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/comments?post=1155"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/posts\/1155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/media\/1156"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/media?parent=1155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/categories?post=1155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/tags?post=1155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}