IAG Cargo announces 34 percent increase for Q3 revenue

IAG Cargo capacity increased 24 percent compared to the previous quarter (Q22021) and 62.2 percent compared to Q32020. “The increased activity reflects growing levels of global trade as many economies experience recovery following the COVID-19 pandemic. New routes during the quarter included Nairobi, Istanbul, Male, Chennai, Vienna, Denver and Phoenix whilst many other lanes saw increased frequencies,” an official statement said. IAG Cargo reported a 34 percent increase in revenue to €405 million for the quarter ended September 30, 2021 on increasing capacity and network.
Revenue for nine months increased to €1,174 million, up 28 percent compared to the same time last year. During the nine months, 3,334 cargo-only flights were operated.
David Shepherd, managing director, IAG Cargo, said: “This quarter we have seen momentum build as IAG Cargo, and the global economy, begins to take increasingly confident steps towards a more buoyant future, as recovery from the COVID-19 pandemic continues to gain ground. The team’s resilience and commitment to put our customers first continues, and we are excited to enter into a new and ambitious phase of activity.”