Declining US air cargo sparks ‘double-dip’ worry

Declining cargo volumes in the bellies of US airlines like United Continental Holdings Inc. (UAL) and Delta Air Lines Inc.


US airlines like United Continental Holdings Inc.


Declining US air cargo sparks ‘double-dip’ worry

Declining cargo volumes in the bellies of US airlines like United Continental Holdings Inc. (UAL) and Delta Air Lines Inc. (DAL) are stoking concern that the US economy risks a double-dip recession. United’s cargo traffic plunged 17 per cent in August for the fourth straight drop that exceeded 10 per cent, while Delta’s cargo was little changed for three months in a row and American Airlines extended a streak of decreases that began in May. “We have a lot of consumer nervousness over the economy,” Delta chief cargo officer Neel Shah said in a Bloomberg report. “One day people feel good, and the next day they feel bad, and it’s that volatility that’s the problem.”