Air Canada executives said it will take a couple more years for the full revenue potential of the incoming freighter fleet to take effect while the cargo market goes through a slump.
Air Canada’s cargo revenue fell 41% in the fourth quarter to CA$288 million ($214 million) from 2021, reflecting overall market weakness related to inflation, an economic slowdown and high retail inventories that afflicted most airlines. For the full year, cargo sales declined 15% to $935 million.
The results were...
https://www.freightwaves.com/news/air-canadas-freighter-investments-weigh-on-cash-flow