Canadian airlines throttle back cargo plans for slower growth
Canada’s leading air cargo carriers have dialled back their freighter fleet expansion plans but still ...
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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