American Airlines Cargo

American Airlines’ cargo revenue shrinks by a third in tough market

American Airlines said third-quarter cargo revenue fell 31% to $193 million, following a similar trajectory as its U.S. peers that are also dealing with a prolonged contraction in cross-border shipping volumes driven by economic uncertainty and improved ocean shipping reliability.

The downbeat cargo figures came against record corporate revenue of $13.5 billion and adjusted net income of $263 million during the three-month period, in which a nearly $1 billion one-time payout related to a new...

https://www.freightwaves.com/news/american-airlines-cargo-revenue-shrinks-by-a-third-in-tough-market

American Airlines rotates cargo chief again

Brand signage of American Airlines on a cargo warehouse.

(UPDATED: 10:20 A.M. EST)

American Airlines has rehired finance executive Greg Schwendinger as president of cargo, replacing Jessica Taylor, who was moved in late May to lead the company’s Integrated Operations Control Center.

The cargo division at American Airlines (NASDAQ: AAL) is a stepping stone for executives moving up the corporate ladder. Presidents typically rotate out within about two years. Taylor took over American Airlines Cargo in July 2020.

Schwendinger spent more than 15 years at...

https://www.freightwaves.com/news/american-airlines-rotates-cargo-chief-again

American’s record Q4 cargo revenue eases sting of $921M loss

An American Airlines jet lifts off from runway.

American Airlines achieved record cargo revenue in the fourth quarter while absorbing an adjusted net loss for the enterprise of $921 million. 

Revenue from cargo operations jumped 57.9% to $341 million and doubled to $1.3 billion for the full year versus 2019, American (NASDAQ: AAL) reported Thursday. 

The numbers are impressive but pale in comparison to those of United Airlines. The Chicago-based rival generated $727 million in fourth-quarter cargo revenue and $2.4 billion for all of 2021,...

https://www.freightwaves.com/news/americans-record-q4-cargo-revenue-eases-sting-of-921-million-loss

Big 3 US airlines gear up to transport COVID-19 vaccines

A large cooler on wheels for medicine transport sits on tarmac beneath an airplane wing. Air transport is commonly used to ship medicines.

Major U.S. passenger airlines are rehearsing final plans, brushing up on procedures and lining up the right equipment and personnel to support the worldwide distribution of COVID-19 vaccines at a variety of required temperatures.

Moving medicines is not new for passenger airlines, but the scale, urgency and extreme temperature-handling requirements for upcoming coronavirus vaccines is posing challenges for everyone along the supply chain.

American Airlines (NASDQ: AAL) on Monday said it has been...

https://www.freightwaves.com/news/big-3-us-airlines-gear-up-to-transport-covid-19-vaccines

American Airlines gets Q3 boost from cargo as yields pop

A silver American Airlines jet with flag-pained tail moves down taxiway.

American Airlines (NASDAQ: AAL) stepped up its cargo game in the third quarter on the strength of an 83.6% jump in cargo yield that helped the company’s overall results beat investors’ expectations. Cargo revenue was essentially equal to a year ago despite operating a stripped-down network.

American said Thursday it lost $2.8 billion in the third quarter, excluding special charges, compared to the year-ago period — an improvement from the $3.4 billion it lost in the second quarter as it came to...

https://s29755.pcdn.co/news/american-airlines-gets-q3-boost-from-cargo-as-yields-pop

American Airlines keeps cargo-only flights to Beijing through March

A light gray American Airlines jet comes in for landing on sunny day with wheels down.

American Airlines (NASDAQ: AAL) will continue to operate cargo-only flights to Beijing Capital International Airport with passenger aircraft through the end of March, after which all activity will switch to Beijing’s new airport.

The Texas-based carrier announced Friday it is moving flights to the new Beijing Daxing International Airport, the biggest airport in the world, when passenger service resumes from its hub at Dallas-Fort Worth (DFW) airport on March 27. Flights will operate daily on a...

https://www.freightwaves.com/news/american-airlines-keeps-cargo-only-flights-to-beijing-through-march

American Airlines announces new cargo president

Looking up at a silver plane overhead coming in for landing at airport.

American Airlines (NASDAQ: AAL) on Tuesday promoted Jessica Tyler to president of cargo and vice president of airport excellence, tying together two inter-related groups and underscoring how members of the cargo team are taking on expanded roles as the company contracts to a more manageable size.

Tyler replaces Rick Elieson, who was named vice president of loyalty, overseeing the AAdvantage program.

The move is part of a broader restructuring of the leadership team and overall reorganization...

https://s29755.pcdn.co/news/american-airlines-announces-new-cargo-president