United Airlines

United Airlines, buoyed by a significant recovery in market conditions, delivered surprisingly strong cargo results in the first quarter that likely will be the benchmark for comparing the performance of other airlines.

United (NASDAQ: UAL) reported after Tuesday’s market close that sales for freight and mail were $391 million, a notably small dip of 1.8% from the same three-month period in 2020 considering the air logistics sector’s 16-month slump that lasted into the second half of 2023 and...

https://www.freightwaves.com/news/united-airlines-sets-bar-for-q1-cargo-performance

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A late-season updraft in market demand slowed the decline in cargo revenue last year at United...

https://www.freightwaves.com/news/united-airlines-cargo-decline-eased-in-fourth-quarter

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United Airlines saw cargo revenue drop 33% year over year in the third quarter to $333 million, as...

https://www.freightwaves.com/news/united-airlines-receives-no-peak-season-cargo-push

United Airlines last year topped the $2 billion mark for cargo revenue for the second time ever, following a record 2021, despite a weakening shipping environment that pulled down cargo sales 35% in the fourth quarter.

The Chicago-based airline this week reported stronger than expected net income of $843 million behind $12.4 billion in revenue, 14% more than the 2019 benchmark despite 9% fewer available seats. The revenue total included $472 million for cargo, which exceeded the three-year...

https://www.freightwaves.com/news/united-airlines-cargo-revenue-exceeds-2b-despite-weak-peak-season

Lost in the news that United Airlines’ $942 million third-quarter profit and guidance for positive travel trends the next three months sent shares higher Thursday was the continued strong performance of the cargo division amid weakening market conditions for shipping.

United Cargo generated $498 million in revenue, a 4% dip from the same period in 2021 but 76% above the pre-pandemic level in 2019. That the sales drop-off was so minimal is noteworthy since last year was a record for the air cargo...

https://www.freightwaves.com/news/united-airlines-cargo-revenue-outperforms-soft-market

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...

https://www.freightwaves.com/news/united-airlines-cargo-business-softens-in-q2-as-company-turns-profit