Page 37 - STAT November 2022 for Magzter

World
AIR CARGO

United Q3 cargo revenue up 77% from 2019

nited Airlines reported
Ua 77 percent increase in
cargo revenue to $498 million
for the third quarter
ended September
compared to $282 million in
Q32019 even as cargo revenue
tonne miles declined 9 percent
to 733 million from 804 million
in Q32019. tonne miles dropped 7 percent "Through a combination of shipments and 900 pounds of
For the first nine months of to 2.3 billion from 2.4 billion in cargo-only flights and passenger military shipments," says an of-
FY2022, cargo revenue came the same period of 2019. flights, United transported nearly ficial release.
in at $1.7 billion, almost double Compared to 2021, Q3 cargo 250 million pounds of cargo in- United reported operating
(97 percent) compared to $863 revenue was down 4 percent cluding approximately 20 million revenue of $12.9 billion, up 13
million during the comparable and increased 4 percent for pounds of medical shipments, percent compared to 2019 and
period of 2019. Cargo revenue nine months. 480,000 pounds of Covid-related net income of $942 million.

Higher yields see

Lufthansa Cargo report

10% more earnings

ufthansa Cargo reported to 2019 and resilient demand,
La 10 percent increase in says an official release.
earnings at €331 million ($334 Revenue increased 31
million) for the third quarter percent to €1.1 billion ($1.1
on yields well above pre- billion) for the third quarter
Covid levels. and was up 40 percent to €3.6
Although airfreight capaci- billion ($3.6 billion) for the
ties on passenger aircraft are first nine months. Air Canada Cargo Q3 revenue
increasing again due to the "In the first nine months
continuation of air traffic of the year, Lufthansa Cargo down 23% on lower traffic
recovery, especially on the has thus already achieved an
North Atlantic, average yields operating profit of €1.3 billion ir Canada Cargo reported "The decline was partially
remain well above pre-crisis (previous year: €943 million), Aa 23 percent decline in offset by increased capacity and
levels, especially on routes to and is on course for a full-year revenue to C$281 million ($205 higher traffic in the Atlantic, U.S.
Asia driven by significantly result even above last year's million) for the third quarter transborder and Other markets."
reduced capacity compared record €1.5 billion." of 2022 primarily due to lower The Q3 revenue of C$281
year-over-year traffic in the million was an increase of
Pacific market. C$104 million ($76 million), or
Reduced freighter ac- 59 percent, when compared to
tivities due to the temporarily the third quarter of 2019.
converted passenger aircraft Air Canada Cargo currently
no longer flying cargo-only operates four Boeing 767-300
flights, and, to a lesser extent, freighters including two brand
to yield normalisation, mainly new production freighters. The
in the U.S. transborder and Canadian flag carrier will add
Atlantic markets, affected op- two more converted 767-300
erations, says an official release. freighters by the close of 2022.

www.stattimes.com | NOVEMBER 2022 35