Air Canada Cargo reported a 4% year-on-year increase in revenues for 2025, signalling steady performance in a global airfreight market that has been characterised by normalising demand patterns and ongoing yield pressure.
The cargo division of Air Canada said the uplift reflects disciplined capacity management, continued strength in key trade lanes and contributions from its dedicated freighter programme, alongside bellyhold capacity across the carrier’s international passenger network.
While market conditions throughout 2025 were shaped by softer spot rates compared with the pandemic-era peak and shifting global trade dynamics, Air Canada Cargo maintained momentum by leveraging its diversified network structure. The airline continued to balance main-deck freighter operations with lower-deck capacity on long-haul passenger services, enabling it to respond flexibly to fluctuations in demand.
Industry analysts note that moderate revenue growth in 2025 represents a stabilisation phase for many cargo operators following the volatility of recent years. For Air Canada Cargo, the 4% increase underscores resilience in transpacific and transatlantic flows, as well as sustained performance in e-commerce, pharmaceuticals and perishables.
The carrier has continued to optimise its freighter fleet deployment while integrating cargo capacity planning more closely with passenger network strategy. This approach has allowed it to protect yields in core markets while selectively targeting high-value shipments across North America, Europe and Asia.
Looking ahead, Air Canada Cargo is expected to focus on network efficiency, digitalisation initiatives and specialised product segments as it navigates an airfreight environment marked by cautious shipper sentiment and evolving global supply chains.
