Big Three US airline cargo revenues continue to shrink alongside margins and rates
Unveiling its numbers yesterday, American Airlines was the last of the Big Three US passenger ...
FREIGHTWAVES reports:
United Airlines (NASDAQ: UAL) impressed a year ago when cargo sales jumped 36% during the early stages of the COVID pandemic. That was merely a warmup for the 2021 second quarter when the passenger carrier more than doubled cargo revenue to $606 million from the 2019 benchmark period.
For the first half of 2021, United Cargo pulled in $1.1 billion, an 89% increase from two years ago, according to financial results released after the market closed on Tuesday.
The 105% cargo growth helped assuage some investors slightly disappointed in passenger revenues and load factors. The company’s stock was down a point to $45.89 in after-hours trading.
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Comment on this article
Hugo Milne-Home
October 01, 2022 at 1:11 amThank you guys for using my photo! I took that shot when I was 12 at Newark Airport. Posted it to Dreamstime and then forgot about it.