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United Airlines Makes More Cargo Revenue With Less Cargo

Thursday, October 21, 2021 at 03:04 PM ET

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United Airlines achieved record third quarter revenue for cargo.

Key Takeaways:

United Airlines achieved record cargo revenue in Q3 2021, up 84% from 2019, despite a decrease in cargo volume, driven by exceptionally high air cargo rates due to capacity shortages.
The airline narrowly missed overall profitability in Q3, posting a $300 million adjusted net loss due to significantly reduced passenger traffic and rising fuel costs, with a muted Q4 anticipated.
United expects high cargo demand to continue into 2022 due to global supply chain disruptions and plans to increase international capacity by 10% next year, anticipating a recovery in premium leisure and easing travel restrictions.

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Editor’s Note: This article originally appeared on FreightWaves.com.

Eric is the Air Cargo Market Editor at FreightWaves. An award-winning business journalist with extensive experience covering the logistics sector, Eric spent nearly two years as the Washington, D.C., correspondent for Automotive News, where he focused on regulatory and policy issues surrounding autonomous vehicles, mobility, fuel economy and safety. He has won two regional Gold Medals from the American Society of Business Publication Editors for government coverage and news analysis, and was voted best for feature writing and commentary in the Trade/Newsletter category by the D.C. Chapter of the Society of Professional Journalists. As associate editor at American Shipper Magazine for more than a decade, he wrote about trade, freight transportation and supply chains. Eric is based in Portland, Oregon. He can be reached for comments and tips at ekulisch@freightwaves.com