American Airlines Records Freight Declines
American Airlines' freight volumes plunged 9.3 per cent, year-on-year, in January, falling to 123,014 tonnes. This decline contrasts greatly from the 3.7 per cent, year-on-year, rise in cargo traffic the carrier recorded in December.
February 13, 2013
December proved to be the exception for American Airlines, however, as the carrier’s freight traffic stalled 1.2 per cent, year-on-year, in 2012. AA’s Cargo revenue also lagged during this period, falling 4.8 per cent from 2011.
To offset such losses in the future, American Airlines Cargo is relying heavily on its new relationship with Global Logistics Network (GLN). The two companies signed a MoU in January, a move that will allow American Airlines and GLN to increase their business interactions.
Following the January signing ceremony, Roger Samways, managing director of global accounts and sales strategy for American Airlines Cargo, said: “We have been looking at prospective network partners where there is potential to expand existing business. With GLN, I believe we have found such a partner where we can develop a relationship, which is mutually beneficial.”
American Airlines Cargo is also looking to handle more high-value freight in 2013. In a recent blog post, AA Cargo officials identified China as a top market for luxury goods, despite sluggish volumes in North America and Europe. “Even as demand slowed in established markets,” they wrote, “new consumers in emerging markets clamored for high-priced, high quality products, which typically travel by air cargo.”