Transat lost money in the second quarter, but revenues climbed sharply as travel rebounded around the world. Transat A.T. inc., the parent company for Air Transat, today reported an adjusted second quarter loss of $51 million. But it said revenues were up $358 million, and that it’s bullish about the rest of the year. “When the effect of Omicron subsided at the end of February, operations and sales rebounded strongly, allowing us to end the quarter on a very encouraging note and generate revenues of $358 million for the period. We foresee a strong recovery and will continue to implement Read more
June 2022
Wait times for security continue to decrease at all major airports, and only three per cent of all passengers at Pearson and Vancouver International Airport are now waiting more than 30 minutes in line, the Trudeau government said in a statement today. Omar Alghabra, Minister of Transport, Jean-Yves Duclos, Minister of Health, Marco Mendicino, Minister of Public Safety, and Randy Boissonnault, Minister of Tourism and Associate Minister of Finance, issued this statement today to provide an update on actions the Government of Canada and industry partners are taking to reduce wait times at Canadian airports: “The Government of Canada recognizes Read more
After more than two years of research, surveys and engaging Winnipeggers from a broad spectrum of backgrounds, Economic Development Winnipeg is excited to launch, Winnipeg: Made from what’s real. This new place brand, created in partnership with Travel Manitoba, will be used to market the city to the world and attract more talent, investment and visitors to the city. “Our mission is to make Winnipeg matter to those most likely to love it here and instill community pride in those who call Winnipeg home,” officials said. “There has always been a realness and sincerity to how Winnipeggers talk about this Read more
Toronto Mayor John Tory has joined the chorus of critics who are blasting Toronto Pearson Airport over flight delays and congestion. “The situation at the airport is not acceptable at it presently it. It’s just not acceptable,” Tory said Tuesday at a press conference. “This is not just a Toronto problem. (Pearson) is the gateway to all of Canada.” A video about Pearson delays posted by former NHL player Ryan Whitney went viral earlier this week. In his video, which has garnered more than 2 million views on Twitter, Whitney describes how his flight to Boston was cancelled and how Read more
The Toronto tourism economy is rebounding strongly, but there are plenty of cautionary flags flying in the June breeze. I had a chance to sit down (virtually) the other day with Andrew Weir, Executive Vice President Destination Development for Destination Toronto, to talk about where the city is headed. Nobody’s popping the champagne corks just yet, but they might be thinking of what they might want to order at the LCBO when the time comes. “There’s absolutely a sentiment in the community now that we’re on the on-ramp back to that state of a thriving visitor economy,” Weir said. “I Read more
