A<\/span>merican<\/strong> Airlines (AA) announced a full-year net profit of US$1.9 billion, or $2.4 billion excluding net special items, for 2017, which the carrier concluded was, \u201ca remarkable year.\u201d<\/span><\/p>\n

While passenger operations were predictably robust, the fastest-growing segment was cargo, which registered a 14.4 percent, year-over-year, increase in revenues, to $800 million, driven by a 15 percent y-o-y jump in volumes to 2.8 billion cargo ton miles (CTM).<\/span><\/p>\n

The Dallas-based carrier\u2019s volumes benefitted from an especially strong holiday season, with fourth-quarter cargo revenues up 10.7 percent, y-o-y, to $232 million.<\/span><\/p>\n

<\/p>\n

While cargo revenues and traffic rose, cargo yields per ton\/mile edged down from the previous year, posting 28.70 cents, slightly lower than 2016\u2019s 28.89 cents. That said, yields recovered in the fourth quarter, to 30.91 cents per cargo ton mile.<\/span><\/p>\n

\u201cWe enter 2018 with strong momentum,\u201d said AA CEO and president Doug Parker. \u201cOur network is expanding, and the products we are bringing to the market are resonating with customers.\u201d<\/span><\/p>\n

Cargo destinations expansion<\/strong><\/span><\/p>\n

Starting early in the second quarter, American Airlines (AA) is launching cargo services to new destinations across Europe. On May 4, the carrier will begin flights from Philadelphia (PHL) to Budapest, Hungary (BUD), and Prague, Czech Republic (PRG), as well as flights from Chicago O\u2019Hare (ORD) to Venice, Italy (VCE). AA is also launching a Dallas\/Fort Worth (DFW) to Reykjavik, Iceland (KEF) service, starting June 7.<\/span><\/p>\n

Tristan Koch, AA\u2019s regional managing director for Europe, Middle East and Africa added that, in addition to expanding the carrier\u2019s aviation network, AA will also be \u201cexpanding our European trucking network this summer, so other offline destinations can feed into our growing network.\u201d<\/span><\/p>\n

Budapest and Prague will both be served using Boeing 767-300 aircraft. The Venice flights will be served with B787-8s. The service to Reykjavik will operate using a B757 aircraft and, is expected to mainly carry scientific equipment and fish products, which are Iceland\u2019s major exports.<\/span><\/p>\n

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The additional flights will increase AA\u2019s total U.S.-Europe route count to 427 flights per week to 58 destinations.<\/span><\/p>\n

The three European capital cities\u2014Budapest, Prague and Reykjavik\u2014are all new to AA\u2019s network.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

…adding cargo services to four more European destinations to network American Airlines (AA) announced a full-year net profit of US$1.9 billion, or $2.4 billion excluding net special items, for 2017, which the carrier concluded was, \u201ca remarkable year.\u201d While passenger operations were predictably robust, the fastest-growing segment was cargo, which registered a 14.4 percent, year-over-year,…<\/p>\n","protected":false},"author":6,"featured_media":9554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,3,2,47],"tags":[],"_links":{"self":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/9553"}],"collection":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/comments?post=9553"}],"version-history":[{"count":1,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/9553\/revisions"}],"predecessor-version":[{"id":9555,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/9553\/revisions\/9555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media\/9554"}],"wp:attachment":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media?parent=9553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/categories?post=9553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/tags?post=9553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}