American Airlines reports Q1 cargo revenue growth
27 / 04 / 2018
American Airlines is the latest US carrier to report strong financial performance for its cargo during the first quarter of the year, with revenues and traffic increasing at double-digit percentage levels.
The Dallas-headquartered airline saw total first-quarter cargo revenues increase by 18.8% year on year to $227m.
The revenue increase comes on the back of a 10.9% year-on-year increase in traffic during the quarter to 687m cargo ton miles, while yields improved by 7.1% to reach 33.03 cents per cargo ton mile.
American’s main US rivals also reported strong performance during the quarter, with Delta registering a 23.9% improvement in revenues to $202m and United seeing takings increase 23.1% to $293m.