Air Canada recorded an increase in cargo revenues in the first quarter of 2026, despite a more mixed performance across international markets.
Cargo operating revenues reached C$259m, compared with C$250m a year earlier, representing a 3.5% increase.
The airline said the growth was driven by higher volumes across all markets and stronger yields in the domestic market. Fuel surcharges introduced in response to the sharp rise in jet fuel prices also contributed, to a lesser extent, to the increase.
During the results presentation, Mark Galardo, chief commercial officer and president, cargo at Air Canada, said the cargo division had increased spot rates and introduced a carrier surcharge in connection with the Middle East situation.
However, the growth was partially offset by weaker yields in international and transborder markets.
At group level, Air Canada generated operating revenues of C$5.8bn, up 11%. President and chief executive Michael Rousseau welcomed a strong start to the year, marked by operating income of C$117m and record adjusted EBITDA of C$623m, up 61%.
Air Canada’s dedicated freighter fleet remains composed of six Boeing 767 freighters, unchanged since March 2025.
