Blowout cargo revenue helps United Airlines beat Q2 expectations

A white United Airlines jet with blue tail touches down on the runway.

United Airlines (NASDAQ: UAL) impressed a year ago when cargo sales jumped 36% during the early stages of the COVID pandemic. That was merely a warmup for the 2021 second quarter when the passenger carrier more than doubled cargo revenue to $606 million from the 2019 benchmark period.

For the first half of 2021, United Cargo pulled in $1.1 billion, an 89% increase from two years ago, according to financial results released after the market closed on Tuesday.

The 105% cargo growth helped assuage...

https://www.freightwaves.com/news/blowout-cargo-revenue-helps-united-airlines-beat-q2-expectations

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon