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United suffers 4.7pc cargo revenue fall despite 11.6pc rise in demand
UNITED Airlines posted a 4.7 per cent decline in third quarter cargo revenue US$224 million despite an 11.6 per cent increase in demand to 714 million cargo ton miles (CTM).
It is the second quarter in a row the airline has reported an improvement in demand, but the last time the airline reported an improvement in cargo revenues was in the first quarter of 2015.
Yields per ton mile were also down, decreasing from 36.72 cents per ton mile last year to 31.37 cents this year.
The demand and revenue figures compare favourably to its North American rival Delta, which last week reported a 14.8 per cent year-on-year decline in revenues to $167 million and a 9.5 per cent drop in demand to 504 million CTM.
But Delta continues to record a better yield per ton mile, with its figure for the period coming in at 33.13 cents per ton mile, noted London's Air Cargo News.
The overall airline group saw revenues for the period decline by 3.8 per cent year on year to $9.9 billion, while net income declined 80 per cent to $965 million.
Last year's profits were massively boosted by a one-time tax allowance, while revenues dropped on the back of a strong US dollar, lower fuel surcharges, reductions from energy related travel and lower yields.
It is the second quarter in a row the airline has reported an improvement in demand, but the last time the airline reported an improvement in cargo revenues was in the first quarter of 2015.
Yields per ton mile were also down, decreasing from 36.72 cents per ton mile last year to 31.37 cents this year.
The demand and revenue figures compare favourably to its North American rival Delta, which last week reported a 14.8 per cent year-on-year decline in revenues to $167 million and a 9.5 per cent drop in demand to 504 million CTM.
But Delta continues to record a better yield per ton mile, with its figure for the period coming in at 33.13 cents per ton mile, noted London's Air Cargo News.
The overall airline group saw revenues for the period decline by 3.8 per cent year on year to $9.9 billion, while net income declined 80 per cent to $965 million.
Last year's profits were massively boosted by a one-time tax allowance, while revenues dropped on the back of a strong US dollar, lower fuel surcharges, reductions from energy related travel and lower yields.
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