GEORGETOWN, Guyana, CMC—Canadian airline Air Canada has introduced nonstop flights between Toronto and Georgetown/Cheddi Jagan (GEO) to capitalize on the region’s economic boom.
This was revealed when Air Canada presented its expansion plan on Wednesday, Investor Day 2024. The plan projects over a dozen new international destinations in the coming years.
The airline plans to launch the Toronto—Georgetown route using Boeing 737 MAX 8 aircraft, which will be operated by its subsidiary, Air Canada Rouge.
The Canadian airline aims to strengthen its operations through its three main hubs: Toronto, Montreal, and Vancouver. Its goal is to reach 30 billion Canadian dollars in annual revenue and improve profitability by 2030.
According to the company, the strategy includes revenue growth of 7-8% annually, supported by an increase in capacity (ASMs) of 5-6% annually.
Air Canada has diversified its market across the three hubs, with Toronto established as its global hub, Montreal leading in transatlantic routes, and Vancouver specializing in transpacific connections.
The airline’s capacity is 21% for domestic routes, 34% for the Atlantic, 16% for the Pacific, and 10% for Latin America and Caribbean markets.
Latin America is a key focus of the expansion strategy, which is part of its growth plan and includes eight new destinations.
Among its priorities is Lima, Peru, a destination it previously operated before the pandemic. Air Transat currently serves it from Toronto and Montreal. The company plans to relaunch the route using the Airbus A321neo XLR.
A new vacation destination on its network will be Cartagena, Colombia, which has progressed in recent weeks on the project for a new airport that will increase the number of arrivals to the city on the Caribbean coast.
Air Canada also plans to launch two new destinations in Brazil, including resuming flights to Rio de Janeiro/Galeao, which it operated until 2016, and entering Fortaleza (FOR) in northeastern Brazil.
Both routes will focus on meeting the demand of Canadian tourists in South American countries.
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