Airlines report higher cargo revenue

Airlines report higher cargo revenue    Major U.S. airlines reported higher revenues from air cargo this week.
   UAL, parent of United Airlines, said it had cargo revenue of $190 million in the second quarter, 57 percent more than in the same 2009 period, “as continued improvements in demand drove strength in both volume and yields across all regions, particularly transpacific markets.”
   Continental Airlines said it had cargo revenue of $111 million, 35 percent more than in the same 2009 period, principally due to increased freight volume.
   United and Continental also announced they expect to complete their merger in the fourth quarter and had reached an agreement in principle on a transition and process agreement with the pilots of both companies.
   AMR, parent of American Airlines, said it had cargo revenue of $170 million in the second quarter, 27.5 percent more than in the same 2009 period on a 20 percent jump in cargo traffic and double digit improvement in freight yields.