American Q1 cargo revenue up 15% to $364mn

 American Airlines reported a percent increase in cargo revenue at $364 million for the first quarter ended March 31, 2022 compared to $315 million in Q12021.

Cargo tonne miles increased marginally (0.7%) to 536 million from 532 million, and cargo yield per tonne mile increased almost 15 percent to 67.81 cents from 59.18 cents in Q12021, according to results announced yesterday.

First-quarter revenue of $8.9 billion represented a recovery of 84 percent to the comparable period revenue in 2019, and was double the $4.8 billion revenue in 2021. Operating loss increased to $1.7 billion from $1.3 billion last year.

“Company was profitable, excluding net special items in March, and expects to be profitable in the second quarter based on the current demand trends and fuel price forecast,” an official statement said.

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