IAG Cargo turned in a strong result despite changes to its freighter network — Gunning
AirCargo archive stories issue 235
Wednesday, 04 March 2015
IAG Cargo has reported commercial revenue (flown revenue plus fuel surcharges) of EUR992 million for the year from 01 January through December 31, 2014, a decrease of 7.5 per cent on 2013.
Following the cessation of its long haul freighter leasing contract with GSS on April 30, 2014, IAG Cargo ran a significantly reduced freighter program, which is reflected in the following figures: 5,453 million cargo tonne kilometres (CTKs) for the year decreased by 3.5 per cent compared to 2013, while capacity decreased by 5.0 per cent.
On a like-for-like basis, adjusting the prior year’s figures to reflect a directly comparable freighter operation, commercial revenue increased 2.4 per cent and volumes of 5,453 million cargo tonne kilometres (CTKs) for the year were an increase of 6.7 per cent; capacity increased by 2.3 per cent.
On a reported basis, overall yield (commercial revenue per CTK) for the year was down 3.2 per cent on 2013 at constant exchange rates.
Commenting on the performance, Steve Gunning, chief executive at IAG Cargo said: “These are strong results, built on exceptional performance for our premium product portfolio and an increase in load factors over the course of the year.
“In 2014 we delivered on our promise to lead the industry in sensible capacity management; replacing our freighters with capacity agreements on key trade lanes and launching EuroConnector, which benefits customers through time definite services and has increased narrow body usage across our European network.
“We have also been at the forefront of industry innovation. Following a sizeable investment, for example, IATA has now ranked us the leading European carrier for electronic air way bill penetration. We have also continued to innovate around our temperature-sensitive product, winning Good Distribution Practice certification and Wholesale Distribution Authorisation for our Constant Climate Centre at Heathrow – the first such award to be made from a national authority to an air cargo carrier.
“Our 2014 results have therefore placed us in a strong position for 2015, which we intend to build on by working in partnership with other airlines to improve our network proposition, increase infrastructure investment and continue to provide products and services that add value to customers’ businesses.” commercial revenue (flown revenue plus fuel surcharges) of Euro 992m over the period from 01 January through December 31, 2014, a decrease of 7.5 per cent on 2013. On a like for like basis, adjusting the prior year’s figures to reflect a directly comparable freighter operation, commercial revenue increased 2.4 per cent versus last year.
IAG Cargo turned in a strong result despite changes to its freighter network — Gunning
AirCargo archive stories issue 235
Wednesday, 04 March 2015
IAG Cargo has reported commercial revenue (flown revenue plus fuel surcharges) of EUR992 million for the year from 01 January through December 31, 2014, a decrease of 7.5 per cent on 2013.
Following the cessation of its long haul freighter leasing contract with GSS on April 30, 2014, IAG Cargo ran a significantly reduced freighter program, which is reflected in the following figures: 5,453 million cargo tonne kilometres (CTKs) for the year decreased by 3.5 per cent compared to 2013, while capacity decreased by 5.0 per cent.
On a like-for-like basis, adjusting the prior year’s figures to reflect a directly comparable freighter operation, commercial revenue increased 2.4 per cent and volumes of 5,453 million cargo tonne kilometres (CTKs) for the year were an increase of 6.7 per cent; capacity increased by 2.3 per cent.
On a reported basis, overall yield (commercial revenue per CTK) for the year was down 3.2 per cent on 2013 at constant exchange rates.
Commenting on the performance, Steve Gunning, chief executive at IAG Cargo said: “These are strong results, built on exceptional performance for our premium product portfolio and an increase in load factors over the course of the year.
“In 2014 we delivered on our promise to lead the industry in sensible capacity management; replacing our freighters with capacity agreements on key trade lanes and launching EuroConnector, which benefits customers through time definite services and has increased narrow body usage across our European network.
“We have also been at the forefront of industry innovation. Following a sizeable investment, for example, IATA has now ranked us the leading European carrier for electronic air way bill penetration. We have also continued to innovate around our temperature-sensitive product, winning Good Distribution Practice certification and Wholesale Distribution Authorisation for our Constant Climate Centre at Heathrow – the first such award to be made from a national authority to an air cargo carrier.
“Our 2014 results have therefore placed us in a strong position for 2015, which we intend to build on by working in partnership with other airlines to improve our network proposition, increase infrastructure investment and continue to provide products and services that add value to customers’ businesses.” commercial revenue (flown revenue plus fuel surcharges) of Euro 992m over the period from 01 January through December 31, 2014, a decrease of 7.5 per cent on 2013. On a like for like basis, adjusting the prior year’s figures to reflect a directly comparable freighter operation, commercial revenue increased 2.4 per cent versus last year.
IAG Cargo has reported commercial revenue (flown revenue plus fuel surcharges) of EUR992 million for the year from 01 January through December 31, 2014, a decrease of 7.5 per cent on 2013. 
