Montreal – Air Canada has reported a 10% year-over-year increase in cargo revenue for the second quarter of 2025, driven by robust demand across the Pacific and Latin American markets and strategic front-loading by shippers ahead of global trade changes.
The airline’s cargo division generated C$253 million in revenue for the three months ending June 30, up from C$230 million in Q2 2024. This follows a 16% year-on-year gain in Q1, reflecting sustained momentum throughout the first half of the year. Overall, cargo revenues for H1 2025 rose 13% compared to the same period in 2024.
In its Q2 financial update, Air Canada attributed the growth to “increased volume in the Pacific market and stronger yields year over year in the Pacific and Latin American markets.” The airline also cited early shipment activity in response to changes in global trade policy, including adjustments to U.S. tariff rules and duty-free exemptions on low-value goods, which led many shippers to advance their cargo schedules.
While cargo performance surged across the Pacific and Latin American routes, Air Canada noted that Atlantic market revenues remained flat during the quarter.
Looking ahead, the carrier emphasized its strategy of “disciplined and agile capacity management” to align cargo supply with shifting demand. It also announced plans to expand its Latin American route network, aiming to capitalize on both rising passenger travel and cargo volume in the region.
As of June 30, Air Canada operated six Boeing 767 freighters, supporting its growing cargo operations as part of a 364-aircraft fleet.
The continued gains underscore Air Canada’s successful pivot toward cargo optimization amid evolving global trade patterns and sustained demand in key international markets.