Air Canada

Trans-Pacific market lifts Air Canada cargo results

Air Canada said Friday that cargo revenue grew 18% to 253 million Canadian dollars ($181.8 million) in the third quarter on the back of higher yields and shipment volume carried on large passenger aircraft operating in the trans-Pacific market.

“The overall cargo environment is quite favorable. I would say it’s quite favorable in Asia-Pacific. We see similar trends in India,” said Mark Galardo, president of cargo, during a call-in briefing with analysts about the company’s earnings. “And those...

https://www.freightwaves.com/news/trans-pacific-market-lifts-air-canada-cargo-results

Breaking: Air Canada agrees to new contract with pilots, avoids strike

Air Canada and the union representing more than 5,200 pilots announced Saturday night they have reached a tentative agreement on a four-year contract, averting a threatened strike that could have started within days.

The preliminary deal must still be ratified by members of the Air Line Pilots Association. Air Canada (TSX: AC) said contract terms will remain confidential until the ratification vote, which is expected to take place within a month, and approval of the Air Canada board of...

https://www.freightwaves.com/news/breaking-air-canada-agrees-to-new-contract-with-pilots-avoids-strike

Air Canada labor dispute puts supply chains at risk

Air Canada joined business groups on Thursday in calling for the Canadian government to intervene to prevent a strike by the airline’s pilots that could start within days.

The nation’s flag carrier urged officials to order binding arbitration to resolve stalled contract talks between the company and its 5,200 unionized pilots, saying a potential strike would cause severe economic disruption for the country by halting air travel and delaying time-sensitive cargo shipments.

Last week, Air Canada ann...

https://www.freightwaves.com/news/air-canada-labor-dispute-puts-supply-chains-at-risk

Cargo shipments face delays if Air Canada pilots go on strike 

Air cargo shipments will be halted on Sept. 19 at Air Canada if pilots follow through on a threat to strike without a new labor deal.

The airline on Monday said it is finalizing contingency plans for a phased shutdown of most operations.

Talks between the company and the Air Line Pilots Association, representing more than 5,200 pilots at Air Canada (TSX: AC) and Air Canada Rouge, are stalled and the parties remain far apart on contract terms. Unless an agreement is reached by Sunday, either party...

https://www.freightwaves.com/news/cargo-shipments-face-delays-if-air-canada-pilots-go-on-strike

Air Canada drops 2 late-model Boeing freighters from fleet

Air Canada has removed two new cargo jets from its fleet, furthering a strategic reversal in ambitious growth plans for dedicated freighter operations after less than three years even as the air cargo market experiences a robust recovery in 2024.

A management analysis published alongside the company’s second-quarter earnings report on Wednesday showed the size of the freighter fleet had fallen from eight to six Boeing 767-300 aircraft. A footnote indicated that the two planes were sidelined in...

https://www.freightwaves.com/news/air-canada-drops-2-late-model-boeing-freighters-from-fleet

Air Canada abandons plans for two Boeing 767 converted freighters

Air Canada has again scaled back growth plans for its startup freighter division, announcing Thursday it has canceled orders with a vendor to convert two Boeing 767-300 passenger jets into freighters.

The airline took a one-time charge of US$14.5 million for backing out of reservations for production slots at Israel Aircraft Industries, it said in its earnings report for the first quarter.

Air Canada’s freighter airline division is nearly two and a half years old and now consists of eight Boeing...

https://www.freightwaves.com/news/air-canada-abandons-plans-for-two-boeing-767-converted-freighters

Air Canada says freight demand beginning to improve

Air Canada expects the slow recovery in cargo volume that began in the fourth quarter to quicken in 2024, aided by the addition of two more freighter aircraft, but doesn’t anticipate gains in pricing power, Mark Galardo, executive vice president for network planning and revenue management, said Friday.

The 2-year-old cargo airline within Air Canada (TSX: AC) currently operates five converted and two factory-built Boeing 767-300 freighters. It is scheduled this year to receive two cargo jets...

https://www.freightwaves.com/news/air-canada-says-freight-demand-beginning-to-improve

Air Canada reaffirms cargo commitment after 777 freighter cancellation

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...

https://www.freightwaves.com/news/air-canada-reaffirms-cargo-commitment-after-777-freighter-cancellation

New Air Canada freighters help offset declines in cargo revenue

Air Canada on Friday reported a 24% decline in second-quarter cargo revenue, a performance better than most international peers that was aided by the deployment of four additional Boeing 767-300 freighters during the past year. 

Canada’s largest passenger airline launched its own cargo airline in early 2022 and now has six cargo jets in the fleet. Two were directly purchased from the Boeing factory and four are former passenger jets converted by a specialty engineering firm to transport shipping...

https://www.freightwaves.com/news/new-air-canada-freighters-help-offset-declines-in-cargo-revenue

+ More