United Airlines' (UAL) cargo revenue experienced a decline of 1.05% in Q3 2023 compared to the previous quarter, with the revenue figure reported at $11.1 billion1. The decline in cargo revenue can be attributed to several factors:
- Decline in Revenue Per Load: The decline in revenue per load in key segments such as Integrated Capacity Solutions, Intermodal, Truckload, and Dedicated Capacity Solutions could significantly impact the overall cargo revenue. This decline is often due to changes in customer rates, freight mix, and lower fuel surcharge revenue2.
- Strategic Adjustments: Cargo revenue may also be influenced by strategic decisions made by UAL to optimize its operations or respond to market changes. For instance, adjustments in pricing strategies, route networks, or service offerings could affect revenue.
In conclusion, the decline in UAL's cargo revenue in Q3 2023 is likely a result of a combination of factors including decline in revenue per load and strategic adjustments.
3/31/2025 05:11am
