The new service, subject to government approvals and the successful deployment of its new Southwest Cargo Suite (SCS) point-of-sale and back-office system, would expand to more destinations in 2018, Southwest said. SCS is expected to be in place by April 1 and will enable advanced cargo bookings and electronic air waybills.
Southwest saw cargo revenue rise 1.2% year-over-year (YOY) in 2017 to $173 million, “primarily due to increased demand,” the carrier said in its most recent 10-K filing with the U.S. Securities and Exchange Commission. Its 2018 first-quarter outlook was for a YOY rise compared to 2017's first three months. “Sluggish demand” contributed to a 4.5% drop in full-year 2016 revenue to $172 million from $178 million in 2017.
North America, like much of the rest of the globe, enjoyed a strong air freight year in 2017. IATA figures show North American FTKs rose 7.9% YOY in 2017, while global FTK growth was 9%—the strongest YOY surge since 2010.
(Sean Broderick - ATWOnline News)