IAG’s cargo division continues to thrive off the back of a record 2021. IAG Cargo has shared its first quarterly results for this year, revealing that cargo need is as high as ever. IAG’s cargo division posted revenues of €432 million ($455 million), a 23.4% growth compared to 2021.
IAG Cargo has maintained its strong performance
After a record year in 2021, IAG Cargo has maintained its strong performance with a promising beginning to 2022. The cargo division’s quarterly results reveal revenues of €432 million ($455 million) for the period from January 1st to March 31st.
IAG Cargo, Managing Director David Shepherd, told,
“IAG Cargo has had another busy quarter. The international economy is increasingly moving on from the confines of the COVID-19 pandemic. Trade and confidence are clearly increasing.”
IAG Cargo noted exceptional growth in demand for its ‘Constant Fresh’ perishable goods freight services, with gains increasing by 47%.
The group also restarted freight operations to Australia after almost two years away, deploying a Boeing 787-9 Dreamliner that will stop in Singapore along the way.
Industrial goods and e-commerce also thrive One key movement over the COVID-19 pandemic was the rise of e-commerce cargo demand, something that has restarted through 2022.
- David Shepherd, “At IAG Cargo we are seeing trends that first emerged during the pandemic continue to drive growth, with e-commerce as a stand-out example.”Additionally, the group saw the need to stay high for industrial goods and cargo ordinarily transported by sea due to disruptions in the shipping industry.
According to IAG Cargo, “Demand was extremely high between Europe and the USA for key industrial goods, including automotive parts, with IAG Cargo increasing the availability of widebody aircraft on European feeder lanes into Heathrow.”
IAG Cargo flew eight tonnes of champagne to
The group has had some fascinating cargo projects so far this year. IAG Cargo flew eight tonnes of champagne to the Maldives in the run-up to Valentine’s Day and also transported over 500 tonnes of flowers almost the world over the same period.
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Passenger development favorable to cargo Belly-dependent IAG Cargo informed that a resurgence in passenger aviation has worked in its favor, providing more opportunities and capacity for freight transportation.
“The return to more widespread passenger flying has also provided a boost to cargo, with new routes opening up and capacity on important trade lanes increasing.”
IAG Cargo broke several of its records in 2021, including most cargo on an Airbus A350-1000 (48.5 tonnes) and a Boeing 777-300 (53.8 tonnes).
The group also contributed over 125 tonnes of capacity in humanitarian support shipments to Ukraine, transporting essentials including blankets, kitchen equipment, and medical supplies into the region.
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