News / Big Three US airline cargo revenues continue to shrink alongside margins and rates

© Giovanni Gagliardi

Unveiling its numbers yesterday, American Airlines was the last of the Big Three US passenger airlines to report results for the first quarter and, while passenger revenues continued to climb, cargo sales were still shrinking, albeit at a slower rate.

Delta was the first out of the starting gates with numbers for the period, reporting a record GAAP operating revenue of $13.7bn (adjusted: $12.6bn) and an operating income of $614m.

Its cargo business remained in decline ...