IAG CARGO records 23% YOY growth in revenue

International Airlines Group (IAG) Cargo has recorded growth in the revenue for first quarter of 2022 of £32 million, an increase of 23.4 per cent as compared to first quarter 2021. This positive first quarter cargo growth is for the period 1 January-31 March 2022. “The results represent an increase of 18.6 per cent at constant currency versus the same period last year. Overall yield for the first quarter of 2022 reflected an increase of 2.3 per cent at constant currency versus the corresponding period in 2021,” read a company statement. The first quarter of this year saw an increase of 19 per cent in sold tonnage as compared with the same period in the previous year.