IAG Cargo reports a revenue of €1.23 billion for 2024, fueled by robust growth.

IAG Cargo, the cargo division of International Airlines Group, reported a strong financial performance for 2024, with revenues of €1.234 billion, up 6.7% from 2023, and a notable 12.6% increase in cargo volumes. The fourth quarter saw revenues reach €364 million, a 25.5% rise from the previous year. CEO David Shepherd noted a mixed market, with demand exceeding 2021 levels while some regions faced capacity issues. To enhance competitiveness, IAG Cargo focused on operational efficiency and introduced a market-based pricing system. The demand for premium cargo, particularly in temperature-sensitive transport, significantly contributed to their success, setting the stage for future growth.