Supply Chain News / Air Cargo / Finance & Credit

IAG Cargo Announces Full Year 2013 Financial Results

IAG Cargo reports a commercial revenue of €1,073 million in 2013, a decrease of 11.8 percent from 2012.

February 28, 2014

IAG Cargo announced its 2013 full year results, reporting commercial revenue (flown revenue plus fuel surcharges) of €1,073 million over the period from January 1 to December 31, 2013, a decrease of 11.8 percent on 2012.

Volumes of 5,653 million cargo ton kilometers (CTKs) for the year represent a decrease of 7 percent on 2012. Overall yield (commercial revenue per CTK) for the year decreased by 5.2 percent versus 2012.

Exchange rate fluctuations, notably the strengthening of the Euro against other currencies, continue to have a significant impact on IAG Cargo revenues and yield. At constant exchange rates, the 2013 yield would be down 2.3 percent.

Steve Gunning, CEO at IAG Cargo, commented, “Market conditions remain challenging due to the global expansion in air cargo capacity and weak demand. We continue to focus on improving operational performance across our business, delivering a first-rate customer service and controlling costs.  In these conditions, we ensure the yields we achieve at least cover our marginal costs. These costs include the fuel burn associated with the cargo in the bellyholds of our aircraft.” 

You must login or register in order to post a comment.



Image Galleries

KC SmartPort Momentum

Kansas City SmartPort Momentum 2013 focused on 3PLs, the issues facing the industry, and the role or logistics in economic development



Calculating a true landed cost for global sourcing directly correlates with the profitability of purchased goods. However, few companies can command real-time visibility in to all the costs involved for cross border movements. In this podcast, World Trade 100 and Amber Road highlight how a comprehensive global trade platform that converges both logistics and compliance costs can deliver true landed cost visibility.


Speaker: Hung Lee, Senior Product Manager, Amber Road

More Podcasts

World Trade 100 Magazine

wt august 2014

2014 August

Check out the August 2014 edition of World Trade WT100, featuring our cover story on Preparing the Supply Chain for the Unexpected, plus much more!
Table Of Contents Subscribe

Supply Chain Webinars

What types of supply chain webinars do you get the most use out of?
View Results Poll Archive


World-Class Warehousing and Material Handling, 1st Edition

Filled with proven operational solutions, it will guide managers as they develop a warehouse master plan, one designed to minimize the effects of supply chain inefficiencies as it improves logistics accuracy and inventory management - and reduces overall warehousing expense.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Use our interactive maps to locate service providers across North America.Interactive Map

Logistics Development Partners 

IWLA Members