Freight News, Air

Air Cargo Canada revenue tops a billion

[ November 3, 2021   //   ]

Air Canada Cargo said it had scored record-breaking results in the third quarter of 2021, with revenues reaching the CAN$1 billion (approx. US$0.8bn) mark for the first time. Cargo in fact accounted for almost half the airline’s total operating revenues of CAN$2.103 billion, which was almost three times the operating revenues of CAN$757 million in the third quarter of 2020.

The carrier as a whole made a net loss of CAN$640 million, an improvement on the CAN$685m loss in the third quarter of 2020. The net loss for the first three months of 2021 was CAN$3.11 billion.

Vice president, cargo,Jason Berry, described the performance as “an incredible milestone”, adding that the carrier continued to invest in new technologies “such as an Application Programming Interface (API) for our customers, enhancements to our cold chain facilities in Toronto and the upcoming arrival of our first dedicated Boeing 767-300ER freighter, later this year,”, he said.