Lynx Air has announced the addition of Montreal to its network starting June 5, and they’ve got a promo code that can get you up to 50% off flights to and from Montreal. Canada’s new ultra-affordable airline will operate services from Montreal – Trudeau International Airport (YUL) to both Calgary International Airport (YYC) and St. John’s International Airport (YYT). Frequencies range from two to four services a week, depending on the market. Tickets went on sale yesterday, and Lynx is launching a limited-time seat sale with up to 50% off all base fares to and from Montreal. The sale will Read more
financial news
The recovery is going full tilt for Canada’s largest airline. Air Canada today said its operating revenues for the fourth quarter of 2022 were higher than the last three months of 2019. The Montreal-based airline reported record fourth quarter operating revenues of $4.680 billion, 71 per cent higher than the fourth quarter of 2021 and about six per cent higher than the final quarter of 2019. Air Canada also reported record fourth quarter passenger revenues of $4.062 billion, double from the fourth quarter of 2021 and about two per cent higher than the fourth quarter in 2019. Still, the airline Read more
Air Canada recorded positive operating income for the third quarter of 2022, their first “in the black” operating income statement since the start of the pandemic, and officials say the company is on a “robust foundation.” Canada’s largest airline released its third quarter statement today, with a good deal of positive numbers. “We generated $644 million in operating income with a strong operating margin of 12.1%,” said Michael Rousseau, President and Chief Executive Officer of Air Canada. “This was the first quarter since the pandemic began in which we delivered positive operating income. “In addition, we achieved significant improvements in Read more
They still lost nearly $400 million in the second quarter of the year, but Air Canada revenues soared almost five times higher than last year. Canada’s largest airline reported its finances for quarter two today and, despite recent difficulties, sounded an optimistic tone. Officials said the company lost $386 million in the quarter, but that revenues were $3.981 billion; nearly five times the second quarter of 2021. “The past three months have been very challenging for our company, our employees, and customers from an operational perspective,” said Michael Rousseau, President and Chief Executive Officer of Air Canada. “The path to Read more
Air Transat is getting a $150 million assistance package from the Trudeau government. Transat A.T. Inc. announced today that it has reached an agreement with Canada Enterprise Emergency Funding Corporation (“CEEFC”), a federal Crown corporation, to obtain $100 million in added financing, as well as $50 million in credit. “In this final LEEFF (Large Employer Emergency Financing Facility) loan, Transat will receive up to $150 million to protect Canadian jobs and ensure operations can continue, despite the company’s ongoing capital operating challenges as a result of the pandemic,” the government said in a press released. “The amount consists of $100 Read more
