IAG’s cargo division has convinced management to use larger passenger jets on some short-hop routes to capture more cargo business.
Air Canada has extra cargo capacity thanks to its first freighters, but that didn’t prevent a 23% fall in cargo revenue in the third quarter.
Airlines are growing more optimistic about their recovery from the pandemic as the U.S. reopens its borders. Cargo is riding the coattails of the passenger bounce.
The cargo divisions at Air Canada, IAG/British Airways and Air France-KLM played dominant roles for their respective airlines in the second quarter, creating cash flow. Typically, they barely register on the financial statement. What happened?
British Airways’ decision to retire its fleet of 747 jumbo jets is a loss for aviation lovers, but businesses that ship goods by air will benefit from using more modern aircraft.
