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Delta Air Lines' cargo revenue dips US$100m in past year
来源：shippingazette 编辑：编辑部 发布：2023/07/19 17:26:56
DELTA Air Lines, one of the major US airlines, has delivered sharply lower cargo revenue in the second quarter, reflecting the prolonged downturn in shipping demand that has engulfed all air logistics providers, even as overall revenue and profits soared to new highs.
Cargo sales tumbled 37 per cent year over year to US$172 million, the Atlanta-based carrier reported. Delta's cargo results have gone steadily downhill from $272 million in the second quarter of 2022. Results worsened on a sequential basis from $209 million in the first quarter. Cargo revenue for the first half was down 32 per cent to $381 million.
It is noteworthy that second-quarter cargo revenue at Delta was lower than in 2019 ($186 million), the baseline before the pandemic upset the global economy.
Delta's record $1.05 billion in cargo revenue last year was made possible by a strong first half of the year.
Delta is the first US airline to report second-quarter earnings. United, American Airlines and other domestic and international carriers are expected to post similar downbeat results for cargo.
The air cargo sector declined 8 per cent last year from the extraordinary high in 2021, which was driven by the need to overcome supply chain bottlenecks amid a shortage of aircraft capacity. Volumes each month this year were lower than a year ago, although the rate of decline has slowed considerably in recent weeks.
Unrelenting travel demand and lower fuel costs pushed Delta's adjusted net income to an all-time high for any period of $1.72 billion, exceeding analysts' expectations. Operating revenue of $15.6 billion also set a record, reports New York's FreighWaves.
Cargo sales tumbled 37 per cent year over year to US$172 million, the Atlanta-based carrier reported. Delta's cargo results have gone steadily downhill from $272 million in the second quarter of 2022. Results worsened on a sequential basis from $209 million in the first quarter. Cargo revenue for the first half was down 32 per cent to $381 million.
It is noteworthy that second-quarter cargo revenue at Delta was lower than in 2019 ($186 million), the baseline before the pandemic upset the global economy.
Delta's record $1.05 billion in cargo revenue last year was made possible by a strong first half of the year.
Delta is the first US airline to report second-quarter earnings. United, American Airlines and other domestic and international carriers are expected to post similar downbeat results for cargo.
The air cargo sector declined 8 per cent last year from the extraordinary high in 2021, which was driven by the need to overcome supply chain bottlenecks amid a shortage of aircraft capacity. Volumes each month this year were lower than a year ago, although the rate of decline has slowed considerably in recent weeks.
Unrelenting travel demand and lower fuel costs pushed Delta's adjusted net income to an all-time high for any period of $1.72 billion, exceeding analysts' expectations. Operating revenue of $15.6 billion also set a record, reports New York's FreighWaves.