IAG Cargo, the single business created following the merger of British Airways World Cargo and Iberia Cargo, today announces its first half results from January 1 to June 30, 2012.

IAG Cargo Group has reported commercial revenue (flown revenue plus fuel surcharges) of '590 million in the half. This represents a decrease of 0.3 per cent against the same period last year.


Volumes of 3,010 million freight tonne kilometres (FTKs) for the half represent a decrease of 1.8 per cent versus the same period last year. Cargo capacity for the same period was up 3.7 per cent.


Overall yield (commercial revenue per FTK) for the first half increased by 1.5 per cent versus the same period last year; excluding exchange this yield was down 1.8 per cent.


Steve Gunning, managing director at IAG Cargo comments: 'Today's results represent solid overall performance when set against an economic climate that has continued to prove challenging. However, due to continued questions over the pace and consistency of economic recovery we remain cautious about future performance.

'The company continues to leverage the benefits of integration, offering customers an end-to-end global network and a competitive premium product portfolio. Additionally, we continue to evolve our customer distribution channels to ensure that we provide a service that is dynamic and user-friendly. By focussing squarely on network reach, product excellence and dynamic distribution we are building a foundation for the company that will drive long-term growth.'