Originally Posted by Dave Fitzgerald

It has been said a few times over the years by different UAL CEO's. I think the first was Dick Ferris, shortly after the strike in '85. UAL had several convertible cargo 737's. A fairly large fleet of DC-8 cargo planes.

They sold the freighters, and Ferris said, "There's no money in cargo."

Then UAL sold almost our entire fleet of 727's to FedEx, at the time, Greenwald(??) was in charge. The question was asked, why aren't we keeping the planes and doing this ourselves, and the answer was, "There is no money in cargo."

Next was the DC-10 freighter operation based in ANC. UAL was looking at buying more 777's to replace the DC-10's. Several were converted to cargo, on the cheap--which didn't work very well. We flew the freighter operation out of ANC for a while, the planes broke often, and wasn't reliable. They didn't adequately maintain the planes. UAL, again, chose to do this on the cheap and it bit them in the ass, thus proving that...."There is no money in Cargo." Instead of converting more of the DC-10's to cargo, and the MD-10 program, UAL, again, sold most of the fleet to FED-EX.

Fast forward to about 6 years ago. UAL sold a bunch of 757's to, you guessed it, FedEx. When Tilton was asked about cargo, then Smizek, they both said,...…"There is no money in cargo."

Thus,long history, snarky old joke.....And.....there is still no money in 777 cargo!!