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AA Team MembersFORT WORTH, TX: January 26, 2018. American Airlines has reported a 14.3 percent year-on-year increase in cargo revenue in 2017 to reach US$700 million. Total operating revenue for the airline group rose 5.0 percent to US$42.2 billion.

Net income for the year fell 28.3 percent to US$1.91 billion.

Chairman and CEO Doug Parker commented: "2017 was a remarkable year for American Airlines. We made enormous progress as a company as we continued to make significant investments in our team members, product and operation, and those investments are beginning to pay off."

Parker added demand for the airline's products and services remained strong as it introduces seasonal routes to Budapest, Reykjavik, Prague and Venice this summer.

American will begin B767-300 service from Philadelphia to Budapest and Prague; Chicago O'Hare to Venice with a B787-8; and Dallas/Fort Worth to Reykjavik using B757 equipment.

Hungary, the Czech Republic and Iceland are all new to the American network while Venice is already linked via Philadelphia.

AA Cargo says the Budapest market would produce automotive, engineering, lighting products and pharmaceuticals for the U.S. Northeast; Venice flights will ship sunglasses and fashion goods; while the Reykjavik service is expected to carry scientific equipment and fish products.

"Following the successful expansion of our European network last year, we are very pleased to be able to offer our cargo services to even more new cities in 2018," said Tristan Koch, American's regional managing director – Europe, Middle East and Africa. "To that end, we will also be expanding our European trucking network this summer, so other offline destinations can feed into our growing network."

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