Ig Cargo, the IN Airlines Group (IAG), has published its financial results for 2024. The company has reported commercial revenues of 1,234 million euros for the period from January 1 to December 31, 2024, which represents an increase of 6.7 percent Ui.
“Air Cargo has made a strong growth in 2024 with increased demand for standard sizes in 2021, and our performance reflects this,” said David Shepherd, CEO of Ig Cargo.
“External factors continue to have an impact on the logistical services for air freight and consumer behavior. The industry witnessed two speeds during the year. In the east, the restrictions of the supply chain and geopolitical factors led to the growth of the return but limited, on the contrary, the capacity surpassed demand, which led to pressure on the returns.
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Mr. Shbred added: “This only emphasizes the need for more efficiency, lightness of movement and flexibility within the sector, and this is where our efforts and investments were directed last year.”
In 2024, the company provided a market pricing system to better align the offers with market dynamics in actual time. A new revenue management system has also been implemented, which enhances prediction and improves planning to provide better customer performance. In addition, the capacity of the temperature -controlled goods in its viable facility has been expanded by 45 percent, while the new Heathrow Hub operations control opened operational accuracy.
“The digital transformation of our systems is continuing, and it is great to see the effect that is not already not only on efficiency and operations throughout the work but also for our customers. With digitization, data comes, moving forward that will be invaluable to predict us to enable us to increase flows and enhance flexibility and efficiency for customers.”
Over the year, the excellent IAG Cargo products sales were well performed. The ongoing climate, a product designed for a temperature -sensitive pharmaceutical product, witnessed a significant increase in the load in 2024 compared to 2023. With consumers expecting faster delivery solutions, businesses have witnessed more demand for their fast products, and setting priorities and features.
“I am proud of what we have achieved in 2024. We have taken decisions and strategy of investment that struck a strong basis for continuous growth in 2025 and beyond. These decisions already provide value and more choice for our customers. Our focus remains priority to technical investment and digital infrastructure and exploring new capacity opportunities that complement our network to develop our arrival.”
