IAG Cargo has reported a stable financial performance for the year ended 31 December 2025, with commercial revenues slightly higher year-on-year and cargo volumes broadly in line with 2024 levels.
Cargo tonne kilometres (CTKs) recorded modest growth compared to the previous year, while overall yield was maintained at similar levels, reflecting resilience in a global trade environment shaped by shifting flows and evolving tariff policies.
Premium and perishables drive momentum
Demand for time-critical services remained strong. Volumes in Critical, the company’s premium priority product, rose significantly year-on-year, while perishables volumes also posted double-digit growth.
Trade lanes from Latin America into Europe delivered notable expansion, particularly into Madrid, supported by solid perishables flows.
David Shepherd, Chief Executive Officer, IAG Cargo, said: “In a year shaped by shifting global trade flows and evolving tariff policies, we ended 2025 with a solid performance. Through improved capacity planning, we delivered greater consistency across our network, while continued investment in digital and operational capability strengthened the long-term resilience of the business.”
He added that the company enters 2026 with improved stability and a clear platform for sustainable growth.
