International Airlines Group (IAG) | Air Cargo Next

IAG’s cargo revenue falls 28.4% in 2023

Yael Katzwer — Fri, 01 Mar 2024 00:15:48 +0000

International Airlines Group today reported 29.5 billion euros ($31.8 billion) in revenue in 2023, an increase of 27.7% year over year. However, cargo revenue fell 28.4% to $1.2 billion. THE BIG PICTURE: Like most carriers, International Airlines Group (IAG) saw increased passenger revenue but decreased cargo revenue in the past year. IAG attributed this trend […]

IAG Cargo Q3 revenue drops 30% YoY

Courtney Blackann — Fri, 27 Oct 2023 19:19:49 +0000

International Airlines Group posted revenue of 8.6 billion euros ($9.1 billion) in the third quarter, a year-over-year increase of 18%, the company reported during its earnings call today. Cargo revenue, however, decreased 30% YoY to $278 million, despite increased volume. International Airlines Group (IAG) includes IAG Cargo, Aer Lingus, British Airways, Iberia, Level and Vueling. […]

Technology, collective action needed to reach ‘lofty’ net zero targets

Courtney Blackann — Mon, 02 Oct 2023 22:15:15 +0000

HOUSTON — Lofty sustainability targets were the topic of discussion at the Sustainable Aviation Futures North America conference in Houston today. Back in 1962, President John F. Kennedy promised a new generation of students that the United States would put a man on the moon in that decade. That goal was lofty, given the technology […]

Saeed to lead sustainability push at IAG Cargo

Yael Katzwer — Thu, 31 Aug 2023 14:00:20 +0000

IAG Cargo, the cargo division of International Airlines Group, has appointed Saleem Saeed as sustainability manager. In the role, he will support IAG’s Fit for Future sustainability strategy and work to reduce the company’s carbon footprint. Saeed previously worked in the construction sector. “Saleem’s appointment as our sustainability manager reinforces our dedication to pioneering eco-conscious […]

IAG, Microsoft co-fund purchase of 14.7K tonnes of SAF

Air Cargo Next Staff — Fri, 18 Aug 2023 18:25:57 +0000

Microsoft will co-fund 14,700 tonnes of International Airlines Group’s sustainable aviation fuel purchases in 2023, enough to fully fuel nearly 300 British Airways Boeing 787 flights between London and Seattle. The companies did not disclose the price of the purchase, However, the European Union Aviation Safety Agency (EASA) notes on its website that “the price […]

IAG Cargo revenue down 28.5% YoY in H1

Courtney Blackann — Fri, 28 Jul 2023 19:11:15 +0000

IAG Cargo, the cargo subsidiary of International Airlines Group, posted revenue of 603 million euros ($665.9 million) in the first half of 2023, a year-over-year decrease of 28.5%, the company reported during its earnings call today. However, the cargo division reported an 8.5% revenue increase in H1 compared with H1 2019, demonstrating a normalizing market […]

IAG delays management changes, cuts capacity

Chelsea Toczauer — Mon, 16 Mar 2020 18:07:27 +0000

International Airlines Group (IAG), the parent company of carriers British Airways and Iberia, has announced it will delay management team changes as it prepares to respond to challenges presented by the COVID-19 pandemic with 75% cuts in capacity for April and May. Iberia Chief Executive Luis Gallego will continue in his role for the next […]

Europe and Middle East carriers weather challenges to January traffic

Chelsea Toczauer — Wed, 19 Feb 2020 19:30:12 +0000

Carriers based in Europe and the Middle East reported mixed cargo traffic results for January. Against a backdrop of flight cancellations due to efforts to contain the spread of the novel coronavirus, Air France-KLM reported year-over-year declines in cargo traffic, while Turkish Cargo reported volume growth for the month. It should also be noted that […]

December traffic reflects bleak year for European carriers

Chelsea Toczauer — Thu, 16 Jan 2020 17:00:47 +0000

European carriers’ preliminary traffic results for December indicate protracted market weakness due to global trade uncertainty continued through the end of 2019. Air France-KLM, Lufthansa Group and International Airlines Group reported year-over-year declines in cargo traffic. Only Turkish Cargo reported volume growth for the month.

In 2019, three of the four carriers tracked by Air Cargo World reported declines in YoY traffic results. These figures continue to reflect the decline in demand tracked in 2019. Sources tell Air Cargo World they maintain conservative outlooks for the first half of 2020, but anticipate increased volumes to come by summer this year.

Here is a closer look at carrier results:

Air France-KLM’s December cargo traffic declined by 4.1% YoY to 734 million freight tonne kilometers (FTKs). Air France saw a decline in traffic of 1.5% YoY to 343 million FTKs, while KLM reported a modest 6.3% decline to 391 million FTKs. For the entire year, the group’s total cargo traffic was down 2.2% YoY to 8.4 billion FTKs.

International Airlines Group reported that group traffic dropped 7.8% YoY in December to 458 million FTKs. All IAG subsidiary carriers saw declines in cargo traffic for December. Year to date, IAG’s cargo traffic declined 2.4% to 5.5 billion FTKs, compared to the same period the year prior.

Lufthansa Group reported a decline of 3.6% YoY in its December traffic to 734 million FTKs. The carrier saw weaker demand for the Americas and Asia Pacific regions, which saw declines of 8.8% and 2.0%YoY, respectively. For 2019, Lufthansa reported a 2.1% decline in its overall traffic to 10.6 billion FTKs.

Turkish Cargo reported a 6.0% YoY increase in cargo tonnage carried, to just over 137,000 tonnes. For the full year 2019, cargo volumes are up 9.2% YoY to more than 1.5 million tonnes.

European carriers see bleak November traffic

Chelsea Toczauer — Wed, 18 Dec 2019 18:00:28 +0000

As if ending the year with a sigh, European carriers’ mixed preliminary traffic results for November reflect the general market weakness seen over the course of 2019 due to global trade uncertainty. Air France-KLM, Lufthansa Group and International Airlines Group reported year-over-year declines in cargo traffic. Only Turkish Cargo reported volume growth for the month.

For the first 11 months of 2019, three of the four carriers tracked by Air Cargo World reported declines in y-o-y traffic results. These numbers are unsurprising. However, all carriers saw some reprieve through slight improvement in month-over-month traffic, likely supported by the season’s global shopping holidays. Word from sources to Air Cargo World suggests the first half of 2020 will remain bleak with better news for trade hoped for by summer next year.

For a closer look at carrier results:

Air France-KLM’s November cargo traffic declined by 3.4% y-o-y to 739 million freight tonne kilometers (FTKs). Air France saw a decline in traffic of 5.1% y-o-y to 328 million FTKs, while KLM reported a modest 2.0% decline to 411 million FTKs. For the first 11 months of the year, the group’s total cargo traffic was down 2.0% y-o-y to 7.7 billion FTKs.

International Airlines Group reported that group traffic dropped 5.3% y-o-y in November to 482 million FTKs. While Iberia accounts for a relatively small share of IAG’s overall cargo traffic, the carrier saw year-over-year growth of 4.9% in November. This was offset by a decline at British Airways, which reported November cargo traffic down 7.8% to 356 million FTKs. Year-to-date, IAG’s cargo traffic declined 1.9% to 5.1 billion FTKs, compared to the same period the year prior.

Lufthansa Group reported a decline of 1.8% y-o-y in its November traffic to 937 million FTKs. The carrier saw weaker demand for the Americas region, which saw declines of 2.4% y-o-y. Year-to-date, Lufthansa reported a 2.0% decline in its overall traffic to 9.8 billion FTKs.

Turkish Cargo reported a 10.3% y-o-y increase in cargo tonnage carried, to just over 144,000 tonnes. For the first 11 months of 2019, cargo volumes are up 9.3% y-o-y to more than 1.4 million tonnes.