23 Jan 2024
United Q4 cargo revenue down 15%, FY23 cargo revenue drops 31%
United Airlines reported a 15% decline in cargo revenue at $402 million for Q42023 compared to $472 million in Q42022. Cargo revenue tonne miles, however, increased 17% to 894 million from 765 million in Q42022.
Our plans really came together in 2023, and I want to thank the United team for all of the hard work it took to get us there: CEO Scott Kirby
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Cargo revenue for the year ended 2023 declined 31% to $1.5 billion from $2.2 billion in 2022. Cargo revenue tonne miles increased four percent to 3.2 billion from three billion in 2022.
Total operating revenue for 2023 increased 20% to $53.7 billion, and net income came in at $2.6 billion. United announced orders for 110 more aircraft for delivery beginning in 2028 – another milestone in United Next growth strategy.
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