Cargo revenue for U.S. airline climbs 19.1% during the quarter.
United Airlines saw its third quarter net income shoot up 99 percent, year-over-year, to $1.1 billion, marking a record quarterly profit.
During the quarter, cargo revenue climbed 19.1 percent to $237 million. Officials said the year-over-year gain was so large because they implemented new cargo systems in the third quarter of 2013. Total revenue in the third quarter rose 3.3 percent to $10.6 billion.
“We are seeing good results from our revenue initiatives, and over the next several quarters, we expect to build on our early momentum,” United’s vice chairman and chief revenue officer, Jim Compton, said in a statement. “Our team continues to pursue and implement changes that will enhance revenue performance.”
United sees record profit in Q3
