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Scheduled Air Transportation in Canada Industry Data and Analysis
Scheduled air transportation revenue rebounded from its pandemic contraction. However, the recovery has been uneven. When COVID-19 shuttered borders, airlines converted passenger jets into freighters to offset collapsing passenger revenue. This enabled cargo to serve as a brief lifeline while profit lagged, reaching just 2.0% in 2021 because carriers rebuilt capacity. The recovery then accelerated because pent-up leisure demand and higher per capita disposable income lifted bookings. Falling crude oil prices reduced the largest cost input for scheduled air transportation. A surge in overseas travel and steady domestic demand carried the sector forward, even as the Iran conflict pushed jet fuel prices sharply higher in 2026 and placed downward pressure on profit. Revenue climbed at a CAGR of 27.5% during the current period. It reached $33.1 billion in 2026 on year-over-year growth of 1.1%.
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What's included in this industry analysis
91¶¶Òù's research coverage on the Scheduled Air Transportation industry in Canada includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released July 2026.
About this industry
What's this industry report about?
The Scheduled Air Transportation industry in Canada operates under the NAICS industry code 48111CA. Providers offer air transportation for passengers and cargo along regular routes and schedules. Network carriers operate a significant portion of their flights using at least one hub where connections are made for flights on a spoke system. Regional carriers provide service from small cities, mainly using smaller aircraft and jets to support the network carriers¡¯ hub-and-spoke systems. Airlines that transport mail are also included in scheduled air transportation. Related terms covered in the Scheduled Air Transportation industry in Canada include hub, revenue passenger miles, revenue tonne miles and cargo.
What's included in this industry?
91¶¶Òù and services covered in Scheduled Air Transportation industry in Canada include Scheduled domestic travel, Scheduled US-transborder travel and Scheduled non-US international travel.
What companies are included in this industry?
Companies covered in the Scheduled Air Transportation industry in Canada include Air Canada and WestJet Airlines Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Scheduled Air Transportation industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
91¶¶Òù & Markets
What's included in the 91¶¶Òù and Markets chapter?
The 91¶¶Òù and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Scheduled Air Transportation industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Scheduled Air Transportation industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Scheduled Air Transportation industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Scheduled Air Transportation industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Scheduled Air Transportation industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Scheduled Air Transportation industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Scheduled Air Transportation industry in Canada.
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Frequently Asked Questions
What is the market size of the Scheduled Air Transportation industry in Canada in 2026?
The market size of the Scheduled Air Transportation industry in Canada is $33.1bn in 2026.
How many businesses are there in the Scheduled Air Transportation industry in Canada in 2026?
There are 577 businesses in the Scheduled Air Transportation industry in Canada, which has grown at a CAGR of 0.9 % between 2021 and 2026.
How may import tariffs affect the Scheduled Air Transportation industry in Canada?
The Scheduled Air Transportation industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Scheduled Air Transportation industry in Canada?
The Scheduled Air Transportation industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Scheduled Air Transportation industry in Canada grown or declined over the past 5 years?
The market size of the Scheduled Air Transportation industry in Canada has been growing at a CAGR of 27.5 % between 2021 and 2026.
What is the forecast growth of the Scheduled Air Transportation industry in Canada over the next 5 years?
Over the next five years, the Scheduled Air Transportation industry in Canada is expected to grow.
What are the biggest companies in the Scheduled Air Transportation industry in Canada?
The biggest companies operating in the Scheduled Air Transportation industry in Canada are Air Canada and WestJet Airlines Ltd.
What does the Scheduled Air Transportation industry in Canada include?
Scheduled domestic air passenger transportation and Scheduled transborder air passenger transportation are part of the Scheduled Air Transportation industry in Canada.
Which companies have the highest market share in the Scheduled Air Transportation industry in Canada?
The company holding the most market share in the Scheduled Air Transportation industry in Canada is Air Canada.
How competitive is the Scheduled Air Transportation industry in Canada?
The level of competition is high and increasing in the Scheduled Air Transportation industry in Canada.
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