IAG Cargo will close its facility at Shannon Airport in Ireland by the end of this year due to a decline in cargo volumes that has made operating the facility'unsustainable', reports London's Air Cargo News.
Served by flights operated by IAG-owned Aer Lingus, the facility's investment needs are not supported by cargo throughput, explained iag Cargo in a statement.
An IAG Cargo spokesperson said: 'IAG Cargo has completed a review of its operation at Shannon airport and has taken a decision to close the facility by the end of 2024. This is because the building requires significant capital investment that is not supported by the level of cargo activity at Shannon airport.'
IAG Cargo did not provide specific cargo handling volumes for the facility but stated cargo volumes have halved in the last few years and the majority of cargo is now being processed at Dublin Airport.
IAG Cargo saw its second-quarter cargo revenues increase by 1.1 per cent compared with last year to EUR283 million (US$309 million). This was the first year-on-year improvement in cargo revenues since the first quarter of 2022.
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Served by flights operated by IAG-owned Aer Lingus, the facility's investment needs are not supported by cargo throughput, explained iag Cargo in a statement.
An IAG Cargo spokesperson said: 'IAG Cargo has completed a review of its operation at Shannon airport and has taken a decision to close the facility by the end of 2024. This is because the building requires significant capital investment that is not supported by the level of cargo activity at Shannon airport.'
IAG Cargo did not provide specific cargo handling volumes for the facility but stated cargo volumes have halved in the last few years and the majority of cargo is now being processed at Dublin Airport.
IAG Cargo saw its second-quarter cargo revenues increase by 1.1 per cent compared with last year to EUR283 million (US$309 million). This was the first year-on-year improvement in cargo revenues since the first quarter of 2022.
SeaNews Turkey
