American Airlines (NASDAQ: AAL) has offered cargo-only flights during the COVID-19 pandemic, but the new line of business didn’t overcome the lost cargo moved on passenger airplanes that were grounded in the second quarter.
The Fort Worth, Texas-based airline on Thursday reported $130 million in cargo revenue for the quarter ended June 30, down 41% from the same quarter last year. Cargo revenue for the first half of the year amounted to $277 million, 37% below 2019.
American said it currently...
https://s29755.pcdn.co/news/american-airlines-cargo-revenue-sinks-along-with-q2-profit