Air Canada’s (OTCUS: ACDVF) cargo sales were also lower because of a 13-month airfreight recession that has seen shipping rates tumble more than 40% with weak demand and has afflicted all airlines.

The cargo declines happened as the airline's overall profits plunged on the grounding of the Boeing 737 MAX. Air Canada's adjusted net income dropped by 9.9% to C$636 million on a record C$5.5 ...

Air Canada spokesperson Kevin Mio said in an e-mailed statement on Monday the cargo arm of the airline has operated more than 9,000 cargo-only flights since entering the sector in March, 2020.

Air Canada pilots have ratified changes to their contract that will help the carrier grow its cargo business, as airlines scramble to minimize the pandemic’s toll on their bottom lines. The ...

Cargo’s rising popularity among passenger airlines during the pandemic has been well documented, but Air Canada is making a long-term commitment to its cargo business as a means to establish a ...