Cargo revenues continue to surge at American in Q1

Photo: American Airlines

American Airlines saw its cargo revenues increase again in the first quarter of the year after a record performance in 2021.

The Dallas Fort Worth-hubbed carrier reported cargo revenues of $364m in the first quarter, an increase of 15.4% compared with a year earlier on the back of improved yields.

The increase comes as the airline registered record cargo revenues of $1.3bn last year, beating the previous high of just over $1bn in 2018.

American’s cargo revenues now represent around 4% of total revenues compared with 2% pre-pandemic.

First quarter cargo volumes, meanwhile, increased by 0.7% year on year to 536m ton miles and yields per ton mile were up by 14.6% to 67.81 cents.

However, the overall airline still reported a loss of $1.6bn as it continues to recover from the pandemic.

It was a similar story at United, which saw first-quarter cargo revenues reach $627m, an improvement of 26% year on year and up by 119% compared with the same period in 2019.

Cargo revenues now represent 8.3% of total revenues, compared with 3% in 2019.

First-quarter volumes increased 3.4% year on year to 791m cargo revenue ton miles, although this is down on 2019 by 1.7%.

Despite continuing improvement in cargo performance, the carrier posted a loss for the period of $1.4bn.

Share this story

Related Topics

Latest airlines news

Korean Air and Vienna Airport partner on cargo

Korean Air has signed an agreement to strengthen its air cargo partnership with Vienna International Airport. The partnership aims to…

Read More

Share this story

Perishables lift Cathay Pacific cargo volumes in January

Perishables shipments helped to raise air cargo volumes at Cathay Pacific in January year on year. The airline carried 114,790…

Read More

Share this story

Etihad appoints Brun as vice president cargo

Etihad Airways has appointed senior Geodis airfreight specialist Stanislas Brun to the role of vice president cargo. Brun will be…

Read More

Share this story

Damian Brett

Damian Brett
I have been writing about the freight and logistics industry since 2007 when I joined International Freighting Weekly to cover the shipping sector.After a stint in PR, I have gone on to work for Containerisation International and Lloyds List - where I was editor of container shipping - before joining Air Cargo News in 2015.Contact me on [email protected]