IAG Cargo records growth in revenue by 23% YOY

International Airlines Group (IAG) Cargo has recorded growth in the revenue for first quarter of 2022 of £32m, an increase of 23.4 per cent as compared to first quarter 2021. This positive first quarter cargo growth is for the period from January 1 to March 31, 2022. “The results represent an increase of 18.6 per cent at constant currency versus the same period last year. Overall yield for first quarter 2022 reflected an increase of 2.3 per cent at constant currency versus corresponding period in 2021,” read a company statement. FQ in 2022 saw an increase of 19 per cent in sold tonnage as compared with the same period in 2021. “Demand was high between the US and Europe for key industrial goods such as automotive parts, with IAG Cargo increasing the availability of wide-body aircraft on European feeder lanes into Heathrow,” the statement stated.