Quarterly cargo revenues on the rise at Delta Air Lines

Delta Air Lines saw cargo revenue increase in the third quarter of 2021 to $262m, a 39% improvement compared with the benchmark September quarter of pre-Covid 2019.

The US carrier said that cargo revenue continues to improve on yield strength, adding that the latest result represents the fourth consecutive quarter of growth compared to 2019 like-periods.

“Cargo strength relative to 2019 is expected to continue in the December quarter 2021 as constraints in global air cargo capacity during the peak holiday shipping period support continued yield strength,” stated Delta in its published results.

For the September quarter 2021, the Delta airline group recorded a GAAP pre-tax income of $1.5bn, pre-tax margin of 16.7% and earnings per diluted share of $1.89 on total revenue of $9.2bn

“Our September quarter marked an important milestone in our recovery, with our first quarterly profit since the start of the pandemic,” said Ed Bastian, Delta’s chief executive officer.

“Our revenues reached two-thirds of 2019 levels thanks to the industry-leading operational performance our people delivered through a busy summer, once again showing why they are the best in the business.”

“While demand continues to improve, the recent rise in fuel prices will pressure our ability to remain profitable for the December quarter.”

Share this story

Related Topics

Latest airlines news

China Cargo adds new service to Budapest

China Cargo Airlines has launched a new service to Budapest Airport that the eastern European hub hopes will support trade…

Read More

Share this story

Air Inuit takes delivery of 737-800 freighter

Air Inuit has added a Boeing 737-800 converted freighter to its fleet as part of its fleet modernisation programme. The…

Read More

Share this story

E-commerce: Just what the air cargo market ordered

Tim van Leeuwen, part of Rotate Consulting, provides his team’s observations on the size and impact of e-commerce on the…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.