IAG Cargo’s revenue fell 9.4% in the first half of 2026 as route suspensions and lower capacity linked to Middle East disruption weighed on the business. Parent group International Airlines Group reported the decline alongside half-year operating profit of €1,757 million and group revenue of €16,064 million, underlining how network instability continued to hit cargo even as the wider airline group stayed profitable.
The cargo downturn was measured at €23 million year on year and came amid broader pressure from higher fuel costs and constrained flying in the region. IAG described the business as resilient overall, but Middle East-related headwinds reduced capacity across parts of its network.
Operational disruption has extended well beyond the reporting period. IAG Cargo alerts indicate suspended or heavily constrained flights to Doha, Riyadh, Amman, Tel Aviv, Abu Dhabi and Bahrain into 2026 and 2027, limiting available uplift on key lanes. That leaves cargo operations exposed to the continuing impact of airspace and route restrictions, even as demand conditions vary across markets.