American Q4 cargo revenue up 10%, 2024 down marginally

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UPS stock plunged a record 14.1 percent to close at $114.90 after it announced plans to reduce its business with Amazon by 50 percent by 2026.

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UPS to reduce Amazon business by 50%, stock tanks 14%

For the full year 2025, UPS expects revenue to be approximately $89 billion, down from $99.1 billion in 2024.

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American Airlines reported a 10.5 percent increase in cargo revenue at $220 million for the fourth quarter ended December 31, 2024 compared to $199 million in the same period last year.

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