IAG air freight volume in March down 2.9pc but revenue increases 3.5pc
2012 04 14
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INTERNATIONAL Airlines Group (IAG), the merged British Airways-Iberia carrier, announced that cargo traffic in March fell by 2.9 per cent in March as an 11.2 per cent decline at the Spanish airline outweighed a 0.9 per cent drop with its bigger UK partner.
However, the group's cargo revenue rose by 3.5 per cent on a 2.2 per cent increase in capacity that pushed up the load factor by one point to 73.7 per cent.
BA's cargo traffic grew 0.5 per cent in the first quarter, while Iberia's slumped by 11.2 per cent, mainly due to a pilots' strike and the weak Spanish economy.
"Our Spanish operation continues to be impacted by the ongoing threat of industrial action ... and further deterioration of Spanish macroeconomic prospects in the short term," IAG said.
Iberia pilots have threatened to strike every Monday and Friday until July to protest the launch of a new cost carrier Iberia Express.
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