Major airlines’ financial results for 2020 have revealed both how they viewed cargo, and how successfully they adapted to the new reality; some were far, far better than others. A (non-exhaustive) list of major carriers which have reported results shows just two saw cargo revenues fall – in a year in which...
IAG Cargo’s 18.5% rise in revenue to €1.3bn ($1.6bn) was severely overshadowed by the group’s overall €7.4bn full-year loss. Passenger revenue dived 75%, from €22.4bn to €5.5bn, while it burned through €4.1bn in cash last year. Its cargo division, as with other airlines, was the star of the show, as yields rose 94.6%,...
