Grizzly Bulls
Financial research concept

Airline Cargo Yield

measures cargo revenue earned per cargo ton mile.

By Lee BaileyPublished Oct 3, 2026
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Oct 3, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
  1. Pricing and mix, not freight volume
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Airline cargo yield measures cargo revenue earned per cargo ton mile.

American Airlines reported 42.84 cents of cargo yield per ton mile in Q2 2026, up 5.8% from 40.48 cents a year earlier.

Pricing and mix, not freight volume

Cargo yield can change with pricing, route mix, shipment mix, and market conditions. It should be read alongside cargo ton miles, which measure freight traffic rather than revenue per unit.

Cargo yield is separate from passenger yield and PRASM. Strong cargo pricing can help total airline revenue without improving passenger unit economics.

Primary sources: American Airlines Q2 2026 Form 10-Q and Q2 2026 operating statistics filed with the SEC.

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Compare cargo revenue per ton mile separately from freight traffic growth.

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