Carrier's freight revenues fell to C$239m in Q3 despite nine-month growth of 6.2% driven by Pacific market gains and stronger yields in Pacific and Latin American routes as shippers adjusted to tariff changes.
Air Canada’s cargo revenues were down 5.6% year on year in the third quarter of 2025 as a result of flight cancellations due to strikes that impacted cargo volumes.
The airline’s cargo revenues totalled C$239m for the three months ended 30 September, down from C$253m in the third quarter of 2024.
”The decline in the third quarter of 2025 was driven by lower volume of cargo largely due to the impact of over 3,200 flight cancellations due to the labour disruption,” said Air Canada.
The airline pointed out that while cargo revenues declined in the third quarter, they rose 6.2% to C$742m overall in the first nine months of 2025 compared to the same period in 2024.
"The Cargo revenue growth in the first nine months of 2025 was attributed to increased volume in the Pacific market and stronger yields year over year in the Pacific and Latin American markets and reflected increased shipping activity as shippers adjusted to changes in tariff deadlines and U.S. changes to the duty-free exemption rules on low-value goods," stated Air Canada.
Air Canada had six Boeing 767 freighters in service as of 30 September, no change from the same time last year.
For the overall business, operating revenues totalled $5.8bn, a decline of 5% versus last year.
Michael Rousseau, president and chief executive of Air Canada, said: "We delivered a solid third quarter financial and operating performance, after adjusting for the labour disruption, which occurred at the peak of the summer season."
