Air Canada’s operating revenue for the first quarter of this year was 90% higher than a year ago and about 10% higher than the first quarter of 2019. Canada’s largest airline today reported its first quarter 2023 financial results, and it’s clear that the travel rebound is a powerful one, indeed. Air Canada said its operating revenue for the quarter was $4.887 billion, nearly double last year and even higher than 2019, before the pandemic hit. The Montreal-based airline reported an operating loss of $17 million, improved from an operating loss of $550 million in the first quarter of Read more
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Air Canada and American Express have announced their newest welcome bonuses and accelerated earn rates on their suite of American Express Aeroplan Cards. Whether for a get-away to Los Angeles, sun-bathing in the tropics of Hawai’i (hey, I’m there today), or tasting sushi in Tokyo, this limited time points offer will enable Canadians to get away sooner and do so in style. Here are the details: Premium Card Get up to 115,000 Aeroplan points with the American Express®* Aeroplan® Reserve Card. Earn up to 45,000 Aeroplan points after spending $6,000 in purchases within the first 3 months of Cardmembership. Plus, Read more
It’s a new day in Canadian aviation, as WestJet has been cleared to take over Sunwing Vacations and Sunwing Airlines. But the Trudeau government is imposing conditions, and also is pledging to strengthen Canada’s weak airline passenger protection laws. Minister of Transport Omar Alghabra today announced that following Transport Canada’s assessment of the public interest, the Government of Canada has approved the acquisition of Sunwing Vacations and Sunwing Airlines by WestJet Airlines Ltd., subject to strict terms and conditions that are in the interest of Canadians. The minister said Ottawa’s assessment of the propsed deal incorporated the findings of the Read more
Montreal-based Air Transat said it posted its first profitable month in two years this summer, and that it expects to match pre-pandemic traffic levels this coming winter. Transat A.T. today (September 8) released its third quarter financial results. The airline and travel company posted revenues of $4508.3 million and reported an adjusted operating loss of $57.8 million. “The recovery emerging at the end of the last quarter has been confirmed in recent months. With our prudent planning and our teams’ exceptionally high quality execution, we were able to deploy virtually all of our programs, with continuously improving load factors,” said Read more
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
