FW: Blowout cargo revenue helps United Airlines beat Q2 expectations

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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.