American Airlines sees slump in results, while cargo revenues fall 16%

AA © Allan Clegg

© Allan Clegg

By Alex Lennane

25/04/2016

Cargo revenue at American Airlines fell 16.8% in the quarter ending March 31, to $162m, while cargo ton miles fell by 1.8%. Yield per ton mile fell 15.3% to 29.77 cents. Overall, the group saw net profit fall nearly 25% to $700m, with a 4% fall in revenues. The airline said it was disappointed and that the revenues were not acceptable. ATW has reported on it – or you can see the full results here.

Read more...

Comment on this article

You must be logged in to post a comment.

Topics

AA financial results 767F ABX Air Amazon ATSG

Most Read

MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'

Urgent call for breakdown of cargo onboard as General Average declared on Dali

Hong Kong drops out of world's top 10 busiest container ports

Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker

Flexport is 'back on track' – now it needs to start growing again

Bottlenecks and price hikes as airlines now avoid Iran airspace

Capture of MSC Aries will further drive up Indian export costs

Iran may now pose a threat to multimodal supply chains via Dubai

Looks like rain: Panama Canal Authority eyes return to normal service

Cargo flows through Dubai delayed by flooding, with 300 flights cancelled

Carriers look to short-term gains over blanking, as Red Sea crisis props up rates

EXCLUSIVE: Kuehne + Nagel shockwaves in APAC

Sustainability concerns don't show on shippers' procurement radar

Talk of Schenker, Flexport et al – and a meagre lunch for forwarders

CMA CGM Air Cargo finally launches transpac services

Forwarders: can an airline do without them? An age-old debate airs