RE:Up 40%
It looks like the air cargo business is becoming more competitive in Canada as Air Canada has conveted some of its aircraft to carry cargo and as well Chorus has converted some regional jets to cargo. I suspect they will stay in the cargo business as they need the revenue. Sure
Cargojet did some cargo from China but also Antonov was hired with their AN 225. As things begin to normalize the emergency revenue will drop and if the economy falters there could be a drop in overall revenue in the air cargo sector which may adversly affect the botttom line as a scheduled carrier has certain fixed costs.