News / Yield decline wreaks havoc on cargo earnings of big three US airlines

© Giovanni Gagliardi

The unexpected spike in volumes during November and December failed to stem the decline in the cargo revenue of the big three US airlines in the fourth quarter, despite increases in traffic – all saw a double-digit decline.

And their freight revenue for the full year fell more than 30%.

Q4 cargo revenue for American Airlines was $199m, a 24.2% drop on 2022, despite a 9.5% increase in cargo ton miles (CTM), reflecting downward pressure on rates and yields. Cargo revenues for ...