General airfreight in the doldrums – but charters are soaring
While scheduled airfreight operations continue to be buffeted by economic headwinds, the going has been ...
On the face of it, the second quarter has been a poor one for Air Canada Cargo (AC), seeing a 24% year-on-year drop in revenue, to C$227m (US$167.7m)
Matt Casey, MD commercial of the airline’s cargo division, said the comparison with an “abnormal” 2022 was flawed, as loads and yields around the world were in the stratosphere then, thanks to elevated demand and disrupted ocean and ground supply chains.
He added: “It’s not that terrible compared with 2019.”
Moreover, the Canadian carrier fared ...
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