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US carriers see cargo revenue and ton miles sliding away
CARGO revenue at United Airlines plunged 19.8 per cent from US$242 million in the first quarter of last year to $194 million in the first three months of 2016.
Cargo ton-miles (CTM) fared slightly better; at 622 million CTM, traffic was only six per cent down on the 662 million CTM realised in same quarter in 2015. This implies that yields have been under downward pressure, replicating the experience of other US carriers, London's Air Cargo News reported.
United's overall revenue was down 4.8 per cent at $8.2 billion.
Rival carrier American Airlines showed a similar pattern, with cargo revenue down 16.8 per cent to $162 million in the first quarter, compared with $194 million last year.
Traffic was down by a relatively small 1.8 per cent to 543 million CTM compared with 553 million CTM in 2015, suggesting an even greater reduction in yields.
The two carriers also repeated the pattern seen in Delta's figures, published earlier, in mid-April, which showed a 25.3 per cent year-on-year decline in cargo revenues to $162 million on the back of a 13.3 per cent drop in volumes to 475 million CTM.
Cargo ton-miles (CTM) fared slightly better; at 622 million CTM, traffic was only six per cent down on the 662 million CTM realised in same quarter in 2015. This implies that yields have been under downward pressure, replicating the experience of other US carriers, London's Air Cargo News reported.
United's overall revenue was down 4.8 per cent at $8.2 billion.
Rival carrier American Airlines showed a similar pattern, with cargo revenue down 16.8 per cent to $162 million in the first quarter, compared with $194 million last year.
Traffic was down by a relatively small 1.8 per cent to 543 million CTM compared with 553 million CTM in 2015, suggesting an even greater reduction in yields.
The two carriers also repeated the pattern seen in Delta's figures, published earlier, in mid-April, which showed a 25.3 per cent year-on-year decline in cargo revenues to $162 million on the back of a 13.3 per cent drop in volumes to 475 million CTM.
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