American Airlines suffering major impacts in 2018
In a press release the Texas based American Airlines reported a new cargo record of 90.700 tons while their net profit results for 2018 decreased. They also recorded a 4% year-on-year increased cargo ton miles volume from 2.788 to 2.908 million.
American Airlines suffered from Hurricane Florence which forced them to cancel 2100 flights while the impact of the increasing fuel costs impacted the rentability of the airline.
American Airlines reports downwards profits for 2018
In comparison with 2017, where they reported a result of 2.4 billion excluding net special items, whereas American Airlines achieved only a $ 2.1 billion result for 2018.
Significant investments were made in the cargo business adding four new connecting destinations between the United States and Europe and also adding Cuba to their schedules.