Cargo revenue growth at United Airlines decelerated in the second quarter but was barely noticed as a surge in passenger demand pushed the carrier to its first profit since the pandemic despite high fuel costs.
United (NASDAQ: UAL), which has led U.S. carriers in cargo the past couple years, generated $574 million in cago revenue for the June quarter, a drop of 5.3% from the 2021 period but still 95% above the pre-pandemic level, according to results posted after Thursday’s market close. During...