AMERICAN Airlines declared cargo revenue dropped 15.9 per cent US$279 million in the quarter that ended September 30 year on year, reports New York's FreightWaves.
The carrier stated that lower cargo revenue was due to a 10.3 per cent decrease in yield and a 6.2 per cent decline in cargo ton-miles.
Before the Covid crisis, cargo revenue was actually 34 per cent higher.
Air cargo volumes and rates have fallen each month since March due to inflation, a consumer spending shift back to services, the war in Ukraine, and Covid lockdowns in China.
Globally, average volumes are down 14 per cent year on year, and cargo rates are between 14 per cent to 28 per cent less.
United Airlines saw $498 million in cargo revenue, while Delta's sagged 8.4 per cent to $240 million during the third quarter.
Compared to 2019, United's cargo revenue was 76 per cent better, while Delta Cargo improved 27 per cent.
american Airlines generated $13.5 billion in revenue, which was 13.2 per cent above 2019.
'Demand remains strong, and it's clear that customers in the US and other parts of the world continue to value air travel and the ability to reconnect post-pandemic,' said American Airlines CEO Robert Isom.
SeaNews Turkey
The carrier stated that lower cargo revenue was due to a 10.3 per cent decrease in yield and a 6.2 per cent decline in cargo ton-miles.
Before the Covid crisis, cargo revenue was actually 34 per cent higher.
Air cargo volumes and rates have fallen each month since March due to inflation, a consumer spending shift back to services, the war in Ukraine, and Covid lockdowns in China.
Globally, average volumes are down 14 per cent year on year, and cargo rates are between 14 per cent to 28 per cent less.
United Airlines saw $498 million in cargo revenue, while Delta's sagged 8.4 per cent to $240 million during the third quarter.
Compared to 2019, United's cargo revenue was 76 per cent better, while Delta Cargo improved 27 per cent.
american Airlines generated $13.5 billion in revenue, which was 13.2 per cent above 2019.
'Demand remains strong, and it's clear that customers in the US and other parts of the world continue to value air travel and the ability to reconnect post-pandemic,' said American Airlines CEO Robert Isom.
SeaNews Turkey