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IAG Cargo reports record year in 2011

1-Mar-2012 1:27 PM

IAG Cargo reported (29-Feb-2012) the following financial highlights:

  • Three months ended 31-Dec-2011:
    • Revenue: EUR310 million, +3.3% year-on-year;
    • Cargo traffic (FTKs): +1.1%;
    • Yield: +2.2%;
  • 12 Months ended 31-Dec-2011:
    • Revenue: EUR1190 million, +8.6%;
    • Cargo traffic: +4.2%;
    • Yield: +4.2%. [more - original PR]

IAG Cargo: “IAG Cargo has delivered record full year results in 2011. We are encouraged by this result given both the challenging economic environment and that it was the first year for our single business. Our Premium products have performed well. In particular, Prioritise, our express product, has increased revenues by 20.4% versus last year. In addition, resurgence in previously sluggish markets has contributed to our success with growth in Europe and the US,” Steve Gunning, managing director. Source: Company statement, 29-Feb-2012.