Air Canada remains committed to growing its startup freighter division despite canceling an order with Boeing last month for two 777 freighters, said CEO Michael Rousseau on Monday.
Air Canada (TO: AC) reported a 24% drop in third-quarter cargo revenue compared to the same period last year, to $155.5 million (CA$215 million), due to lower yields caused by weak market conditions. The air cargo industry writ large is coping with an 18-month contraction from pandemic peaks, exacerbated by excess...