Cargo revenues continue to surge at American in Q1

By Damian Brett

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

Broker Avico lists freighter capacity on trading platform Airblox

By Damian Brett

Air charter broker Avico has started listing freighter capacity with online marketplace Airblox, a platform that allows market players to…

Read More

Share this story

Silk Way West Airlines orders two Airbus A350Fs

By Rebecca Jeffrey

Azerbaijan-based Silk Way West Airlines has signed a purchase agreement for two of the recently launched Airbus A350 freighters as…

Read More

Share this story

Azorra eyes Embraer freighter conversions

By Rebecca Jeffrey

Florida-based lessor Azorra has expressed interest in Embraer freighter conversions. Azorra announced on June 27 that it has signed purchase…

Read More

Share this story