Airlines have touted how much dedicated cargo flying they’re doing with transformed passenger planes, but United Airlines is the only major U.S. carrier where cargo is boosting the bottom line during the COVID pandemic.
United’s second-quarter earnings last week included an eye-popping 36.3% increase in cargo revenue to $402 million. Cargo-ton-miles were up 40.3% to 496 million. Even more impressive is the fact that cargo revenue represented 27.3% of the company’s total operating revenue...
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