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            december 08, 2019

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AA 2018 profit falls to US$1.4 billion


American Airlines Cargo in 2018 suffered a decline in net profit, although, tonnage hit a record 90,700 tonnes despite facing some major hurdles last year, including higher fuel costs and the forced cancellation of 2,100 flights due to hurricane Florence, according to Shipping Gazette.
The carrier's 2018 net profit amounted to US$1.4 billion, or $2.1 billion excluding net special items, which are both down from 2017, in which its figures were $1.9 and 2.4 billion respectively, reported New York's Air Cargo World.
The traditionally passenger-focused airline made significant investments in its cargo unit throughout the course of the year, with four new services linking the US to Europe and a new service to Cuba.
In October it expaned its European foothold with the commencement of operations at Worldwide Flight Services' new cargo terminal at Italy's Milan Malpensa Airport (MXP).

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