IAG sees slight cargo recovery
Slight improvement seen in freight volumes although outlook for 2014-2015 remains weak.
March 18, 2014
IAG has seen a slight improvement in its freight volumes, although it is retaining a weak cargo outlook for 2014-15.
“There is maybe some volume recovery, signaling the endof the cargo downturn, but it is too early to ring any bells,” IAG CFO Enrique Dupuy said at the release of IAG’s full-year results.
At a financial level, IAG’s €1.07 billion ($0.89 billion) in cargo revenues is still weak, lagging 11.8 per cent behind the €1.2 billion prior year figure.