While its third-quarter net loss of $640 million isn’t looking much better than that of 2020, Air Canada is definitely back in recovery mode, it said on November 2. This is translated into favorable revenues and traffic trends as Canada re-opened for vaccinated...
When the world around you starts turning again but yours is at a standstill, you are left behind. That’s the world of Air Canada in the first six months of 2021. Continued travel restrictions to and from the country have weighed heavily on the airline and it shows....
Air Canada has ended 2020 with a record-loss of C$-4.647 billion, compared to a C$1.476 billion profit the previous year. The “catastrophic impact of Covid-19 and government-imposed travel restrictions and quarantines” to Canada and between states have cost the...
Air Canada is to reduce its fleet by 79 aircraft as it seeks to cap costs and improve its financial position, the airline announced on May 4. This follows on a net loss of $1.049 billion in Q1, down from a 345 million profit last year. It is the first lossmaking...
AirInsight is the boutique aerospace media and analysis team and part of AirInsight Group LLC.
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