Alaska Air targets $750 million cargo revenue by 2030
Alaska Airlines said it expects cargo revenue to reach $750 million by 2030, according to executives at an investor event on Wednesday. After merging with Hawaiian Airlines in September 2024, the carrier’s cargo revenue rose 57% to $549 million last year. In the first half of 2026, cargo revenue was $316 million, putting the airline on track for over $600 million for the full year.
The airline plans to lease four additional Boeing 737-800 converted freighters and will base two of them in Honolulu to run dedicated intra‑island service in Hawaii. Alaska Air also operates 11 Airbus A330-300 freighters for Amazon under a contract that was renegotiated earlier this year for more favorable terms. Internationally, the carrier serves five destinations today and will add Paris and Athens next year, aiming for 15 international ports by 2030 using Boeing 787-9s that carry cargo in the lower deck.
“Cargo allows us to fully monetize our assets across the network. As we grow internationally, optimize fleet deployment and leverage a combined Alaska and Hawaiian footprint, cargo becomes an increasingly meaningful contributor to both revenue growth and margin expansion,” Ian Morgan, vice president of cargo said.
“Cargo contributes as much as 20% of flight revenue on transpacific routes, creating meaningful revenue enhancement without additional aircraft. Collectively, these businesses produce margins that are twice the system average, making cargo an important contributor to our long term financial targets,” Ian Morgan, vice president of cargo said.
For years, cargo revenue was about a $130 million to $150 million annual business. After the merger with Hawaiian Airlines in September 2024, Alaska’s cargo revenue grew 57% to $549 million last year.
What we know
Alaska Airlines expects cargo revenue to reach $750 million by 2030
After the merger with Hawaiian Airlines in September 2024, Alaska’s cargo revenue grew 57% to $549 million last year
In the first half of 2026, Alaska Air’s cargo revenue was $316 million — putting it on track for more than $600 million in revenue with the peak shipping season still ahead
Alaska Air intends to operate two new dedicated freighters within Hawaii, serving the islands from its base at Honolulu airport