Air Canada plans to fly at 90% of its pre-pandemic capacity this summer, CEO Michael Rousseau says. The Globe and Mail today reports that Rosseau spoke during an Air Canada webcast meeting of shareholders on Monday and said the airline would restore routes cut over the past two years and fly to 33 international destinations this summer. “It is apparent the recovery is accelerating,” he said. Air Canada on March 16 announced the return of daily service to Sydney and resumption of services to both Brisbane and Auckland. The Montreal-based airline in February announced an expansion of its North American Read more
Michael Rousseau
Air Canada says it’s encouraged by “strong increases” in key passenger markets in the third quarter. In a quarterly financial statement released today (Nov. 2), Canada’s largest airline reported operating revenues of $2.103 billion, representing almost three times the operating revenues of $757 million in the third quarter of 2020. Other highlights include Operating loss of $364 million, compared to an operating loss of $785 million in the third quarter of 2020 Negative EBITDA(1) (earnings before interest, taxes, depreciation, and amortization), excluding special items, of $67 million compared to negative EBITDA (excluding special items) of $554 million in the same Read more
