• Home
  • News

    Airlines

    • Bellyhold Airline
    • Freighter Operator

    Airports

    Air Cargo Statistics

    Business

    • Acquisitions
    • Finance
    • TIACA
    • IATA
    • Legal

    Freight Forwarders

    Services

    • Ground Handlers
    • Charter Operator
    • ULD
    • Freighter Conversion/MRO
    • GSSA

    Technology

    • Airfreight Digitisation
    • Drones

    People

    Sectors

    • Animal Transportation
    • Aerospace Supply Chains
    • E-Commerce Logistics
    • Perishable Logistics
    • Pharma Logistics

    Sustainability

    Supply Chain

    Policy

    • Air Cargo Security

    Region

    • Africa
    • Asia
    • Australasia
    • Europe
    • Middle East
    • North America
    • South America

    Cool Chain

    Archive News

    News By Date

  • Magazine
  • Advertise
  • Reels
  • Subscribe
  • Newsletter
  • More
    • Jobs
      • Jobs
      • Post a Job
    • Events
No Result
View All Result
Cargo Newswire
  • Home
  • News

    Airlines

    • Bellyhold Airline
    • Freighter Operator

    Airports

    Air Cargo Statistics

    Business

    • Acquisitions
    • Finance
    • TIACA
    • IATA
    • Legal

    Freight Forwarders

    Services

    • Ground Handlers
    • Charter Operator
    • ULD
    • Freighter Conversion/MRO
    • GSSA

    Technology

    • Airfreight Digitisation
    • Drones

    People

    Sectors

    • Animal Transportation
    • Aerospace Supply Chains
    • E-Commerce Logistics
    • Perishable Logistics
    • Pharma Logistics

    Sustainability

    Supply Chain

    Policy

    • Air Cargo Security

    Region

    • Africa
    • Asia
    • Australasia
    • Europe
    • Middle East
    • North America
    • South America

    Cool Chain

    Archive News

    News By Date

  • Magazine
  • Advertise
  • Reels
  • Subscribe
  • Newsletter
  • More
    • Jobs
      • Jobs
      • Post a Job
    • Events
No Result
View All Result
Cargo Newswire

IAG Cargo announces record-breaking fourth quarter and 2021 results

February 27, 2022
in Airlines, Business
Reading Time: 3 mins read
0 0
A A
0
Share on FacebookShare on Twitter
  • IAG Cargo reports full-year record revenues of €1,673 million for the period from January 1 to December 31, 2021
  • Results represent an increase of 30 percent compared with 2020 at constant currency
  • IAG Cargo reports fourth-quarter revenue of  €499 million an increase of 25.7 percent on the same period in 2020 at constant currency

IAG Cargo, the cargo division of IAG (International Airlines Group) reports record financial results for 2021, with annual revenues of €1,673 million for the period from January 1 to December 31, 2021. The results reflect the surging demand for air cargo capacity as global trade rebounds. 

The 2021 revenues represent an increase of 30 percent at constant currency versus the same period last year. Overall yield for 2021 was up 11.3 percent at constant currency versus 2020. Sold tonnes were up 21.4 percent.

Throughout 2021, IAG Cargo reshaped its business to take advantage of the strong cargo market and actively repurposed Group capacity where appropriate. Demand for air cargo exceeded 2019 levels throughout 2021. The business continued to align its network to customer demand, supporting customers with cargo-led flying, increasing frequencies on important trade routes and implementing an active charter programme of 745 rotations.

Related Post

Etihad Cargo signs strategic agreement with Ezhou Huahu airport to strengthen access throughout Asia-Pacific

ETIHAD CARGO LAUNCHES SMARTTRACK, THE INDUSTRY’S FIRST REAL-TIME SMART SHIPMENT TRACKING SOLUTION

Saudia Cargo and China Henan Aviation Partner to Establish a Global Air Logistics Bridge Connecting Asia and the Middle East

Cargojet Expands 767 Freighter Fleet Amid Market Upswing

In the second half of the year IAG Cargo saw momentum build with capacity starting to return as the economic recovery from the COVID-19 pandemic gained ground. IAG Cargo closed the year very strongly, achieving a Q4 quarterly record revenue of €499 million up from €389 million in Q4 of 2020.

In Q4, eCommerce and hi-tech flows from South East Asia into North America accounted for much of this success as did the movement of automotive parts from the UK and Europe. Hong Kong demand remained very buoyant and from mid-December, the business directed volumes to flow via Bangkok as crew quarantine restrictions limited direct Hong Kong Flights. IAG Cargo also moved large volumes of what is typically seen as non-airfreight commodities as shippers favoured shorter delivery times and volumes shifted from sea to air against a background of supply chain disruption, port congestion and low inventories.

At the same time, cargo has been vital in supporting the return to widescale passenger flying, providing additional revenue to key passenger routes.

Commenting on the 2021 financial results, IAG Cargo Managing Director David Shepherd said: “Since joining the business in August 2021 I’ve been extremely impressed by the way in which the talented team at IAG Cargo have optimized the opportunities which the market has presented. In 2021 the role of air cargo remained very much in the spotlight. Our people went above and beyond to find solutions to the global capacity crunch and airfreight restrictions. These results are a reflection of their determination and creativity.

“I’m also proud of our work in the fight against Covid-19. In 2021 our cold chain, Constant Climate, service was responsible for shipping millions of doses of life-saving COVID-19 vaccines to almost every corner of the world.

“In 2021 we also invested in improving the functionality of our website and expanded our partnerships with third-party platform providers. Both actions, support online channel shift and digital bookings whilst providing more flexibility to our customers. It was also great to see a massive expansion in our Forward Rewards loyalty programme last year with an additional 700 customers signing up to benefit from earning free flights, hotel stays, and cargo credit.”

“We enter 2022 with ambition and optimism for the year ahead.”  

ShareTweetPin
Devender Grover

Devender Grover

Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.

Related Posts

Airlines

Saudia Cargo Forges Strategic Global Partnerships at Air Cargo Europe, Expanding Global Reach

by Devender Grover
June 19, 2025
Airlines

New contract extensionWestJet Cargo relies on Jettainer as long-term ULD management partner

by Devender Grover
June 6, 2025
Airlines

Avianca Cargo announces a collaboration agreement with Amazon Air Cargo

by Devender Grover
June 6, 2025

AGI Global Logistics Appoint Emma Phillips as Divisional Commercial Director

June 19, 2025

Saudia Cargo Forges Strategic Global Partnerships at Air Cargo Europe, Expanding Global Reach

WFS achieves Cargo iQ quality certification across its Europe, Middle East, Africa & Asia region

TIACA Announces 2025 Hall of Fame Recipient

New contract extensionWestJet Cargo relies on Jettainer as long-term ULD management partner

NY/NJ Foreign Freight Forwarders & Brokers Association Announces 2025 “Captain of Industry” Award Recipient

Tags

Airbus Air Canada Air Cargo Aircargo Air Cargo News Air Freight Airfreight Airlines American Airlines Atlas Air Aviation Aviation Industry Aviation News Boeing cargo industry news Cargo International News Covid 19 DB Schenker DHL DHL Express dnata E-commerce Emirates Emirates SkyCargo Etihad Cargo Europe Freighter Freighters IAG Cargo IATA Latest Air Cargo News Logistics Logistics News Lufthansa Cargo Pharma Qatar Airways Qatar Airways Cargo Supply chain Sustainability Swissport Technology TIACA Turkish Cargo UPS WFS
  • Home
  • About us
  • Magazine
  • Subscribe
  • Reels
  • Events
  • Advertise
  • Careers
  • Contact us
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Copyright © 2025 Profiles Media Network Pvt Ltd. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Airlines
    • Airports
    • Associations
    • Business
    • Freight Forwarders
    • People
    • Cargo Handling
    • Sectors
    • Services
    • Technology
    • News By Date
  • Reels
  • Magazine
  • Archive News
  • Subscribe
  • Newsletter
  • Advertise
  • Jobs
  • Subscribe
  • Events

Copyright © [2024] Profiles Media Network Pvt Ltd All Rights Reserved. Build with ❤️ by Onairdigital

Our website uses cookies. We use cookies and similar technologies to personalise content, to provide you with relevant marketing, to enhance your user experience and to gain insight and track how you interact with us and our partners. Learn more in our Privacy Policy and Cookie Policy.