American Airlines – presently undergoing financial restructuring – has completed what was needed for the cargo unit. Kenji Hashimoto, president of the carrier’s cargo operation said that “the vast majority of the work needed on the financial restructuring of the company is complete, and for cargo, specifically, we are done”. The aim was to develop a competitive cost structure with focus on customer and operations.
AA has been steadily losing freight volumes, partly because of the reduction in capacity. In September 2012, the ton-miles total went down to 136 million, an 8.3 per cent decrease year-over-year. For the first nine months of 2012, cargo revenue was down 6.2 per cent, with yield falling by 5 per cent and traffic by 1.2 per cent.