INTERNATIONAL Airlines Group's
(IAG) first quarter operating profit increased 133.3 per cent year on
year to EUR280 million (US$335.5 million) drawn on revenues of EUR5
billion, up 2.1 per cent.
IAG Cargo's first quarter revenues
increased 3.4 per cent year on year to EUR276 million, up 3.4 per cent,
reported London's Air Cargo News.
The cargo division, which includes British Airways, Iberia, Vueling,
Level and Aer Lingus, saw overall yield for the January to March period
up 11.8 per cent, but volumes were down 0.7 per cent, while capacity
grew 3.6 per cent.
Said IAG Cargo chief Lynne Embleton: "A buoyant premium market has continued into the first quarter of 2018.
"We've experienced good market conditions across the majority of our
regions with Europe and Asia Pacific - and particularly India - leading
the way. Our specialist pharmaceutical offering, Constant Climate, has
delivered continued growth, moving life-saving vaccines across the
globe," she said.
"Critical, our must-fly non off-loadable product, has surpassed 4,000
shipments since launch and has recently moved a variety of goods ranging
from orthopaedic prosthetics and snowboards, to the world's most
expensive perfume.
"Our network offering continues to expand with a new route from Madrid
to San Francisco launched in April, a London Gatwick to Toronto service
which began operating on May 1 and our first ever Dublin-Seattle flight
launches May 18," Ms Embleton said.
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