IAG Cargo registered an increase in cargo traffic in the first quarter of the year but the improvement was not enough to protect revenues from a fall in market rates.
The cargo business of the IAG Group, which includes British Airways, Iberia and Aer Lingus, saw first-quarter cargo tonne kms increase by 8.2% year on year to 1.2m – a reflection of general market growth of around 13% over the first three months according to IATA.
However, IAG’s cargo revenues for the period fell by…
