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Canadian airfreight carriers post strong Q2 results

from Inside Logistics

Air Canada Cargo and Cargojet both reported improving results in the second quarter of 2020. Air Canada Cargo reported a revenue increase of 52 percent in the second quarter over the previous year, and for the first time cargo revenues outpaced passenger income as a result of the Covid-19 pandemic. Since March, Air Canada Cargo has operated over 2,000 cargo-only flights across a global network that includes cities in Europe, Asia, South America, the United States as well as New Zealand and Australia. Cargo-only flights represented 38 percent of all widebody flights in Q2 2020, representing more than 40 percent of total cargo revenue. more

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