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United Airlines’ cargo gain undermined by low rates – FreightWaves
Percentage of Female Safety Professionals in Transportation Increases
September 22, 2023
Maersk suspends shipping through key Red Sea maritime trade route ‘until further notice’
January 4, 2024United Airlines saw cargo revenue drop 33% year over year in the third quarter to $333 million, as the weak air cargo market continued to take a toll on the top line for freight. The contraction in cargo sales was hardly noticed by investors on Tuesday as United punched its way to a $1.1 billion profit ($3.65 earnings per share) on record third-quarter revenue of $14.5 billion, beating analysts’ estimates.
