News & Updates

American Airlines saw first-quarter cargo revenue fall 37.8% year over year to $223 million primarily due to lower yield and lower demand, the company reported on Thursday. The company’s cargo revenue was only $5 million more than in 2019, a weak year for cargo and benchmark for a normal business environment following the pandemic.

Nearly every airline is experiencing large double-digit drops in cargo business as consumers pull back due to high inflation and economic uncertainty or shift spending to services, retailers with excess inventories postpone large orders, and ocean shipping has become more reliable again.

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