News / Air cargo revenue tumbles for the US majors, but they eye a strong Q4

© Michael Gordon

The three large US airlines posted strong revenue gains in their core passenger business for the third quarter, and although their cargo revenues contracted by a third, their division heads are upbeat on Q4.

After Delta and United, American Airlines, the last of the trio to publish Q3 results, shows the lowest contraction in cargo revenue, a year-on-year decrease of 30.9%, to $193m.

In the first nine months of the year, AA Cargo revenue had dropped 36.8%, to $613m.

“We are clearly operating ...