Revenue for IAG Cargo fell almost 30% in 2023 due to falling yields, putting revenue 3.5% above pre-pandemic levels.
IAG Cargo has reported commercial revenue of €603 million in the first half of 2023, down 28.5% on last year down to the weak market.
First half revenue was up almost 10% for IAG Cargo as it returns to pre-pandemic schedules and launches new routes.
IAG Cargo has transported more than 10 million Covid-19 vaccines as part of the global effort to fight the disease.