South America will benefit as air cargo traffic diverts from the transpacific
South America is set to be a main attraction amid capacity cuts on the transpacific, ...
© 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 ...
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