Air Canada Reopens Calgary Maple Leaf Lounge with Biosafety Measures, Supports Local Businesses Through Alberta-Inspired Cuisine Including Alberta Beef and Local Artisanal Ice Cream
Maple Leaf Lounge at YYC Calgary International Airport welcomes eligible customers beginning on October 15, 2020 Three Maple Leaf Lounges are now open: Toronto, Vancouver and Calgary MONTREAL, Oct. 14, 2020 /CNW Telbec/ – Air Canada today announced the re-opening of its Maple Leaf Lounge at YYC Calgary International Airport on October 15, 2020 with […]
Air Canada sees pandemic impact lasting three years in ‘darkest period ever’ for commercial aviation
From Montreal Gazette – link to story Emily Jackson Publishing date: 5 May 2020 Air Canada expects it will take three years to recover from the “darkest period ever” in commercial aviation as the coronavirus pandemic continues to prove cataclysmic to the industry. Canada’s largest airline on Monday reported a $1.05-billion loss in the first […]
As major airlines lose billions, plans for federal aid remain murky
From CTV News – Link to story Glen McGregor, Senior Political Correspondent, CTV National NewsBen Cousins, CTVNews.ca WriterPublished Monday, May 4, 2020 TORONTO — As loses pile up in the Canadian airline industry, Prime Minister Justin Trudeau has hinted at financial support, though the details remain murky. Air Canada has slashed 90 per cent of […]
Air Canada Announces Renewal of Shareholder Rights Plan
From Air Canada MONTREAL, May 4, 2020 /CNW Telbec/ – Air Canada (TSX: AC) (OTCQX: ACDVF) announced today that its Board of Directors has approved a shareholder rights plan to renew Air Canada’s existing rights plan. The renewed rights plan is substantially unchanged from Air Canada’s current rights plan. It is not being adopted in response to any […]
Air Canada flushes models ‘down the proverbial toilet’ amid COVID-19 crisis
News from BNN Bloomberg – link to video 4 May 2020 Air Canada’s CEO says traditional capacity and revenue models have been “flushed down the proverbial toilet” amid the COVID-19 crisis, which saw the carrier post a one billion net loss in its first quarter. BNN Bloomberg’s Paige Ellis outlines the company’s roughly sketched recovery […]
Air Canada Sees Pandemic Impact Lasting at Least Three Years
News from BNN Bloomberg – link to story Sandrine Rastello, Bloomberg News ~ 4 May 2020 (Bloomberg) — Air Canada said it expects the impact of the pandemic to last at least three years and predicted large job cuts as it hunkers down to survive “the darkest period ever” for the industry. The country’s biggest airline, […]
Air Canada CleanCare+ Program Introduces New Personal Safety and Sanitary Measures to Give Customers Added Assurance
From Air Canada Comprehensive program to provide greater peace of mind during all stages of travel Mandatory pre-flight customer temperature checks, the first in the Americas More personal space in Economy Class at least until June 30, 2020 Personal care kits containing disinfectant and safety items Electrostatic cabin spraying to reinforce aircraft grooming protocols Revised food […]
Air Canada Reports First Quarter 2020 Results
From Air Canada MONTREAL, May 4, 2020 /CNW Telbec/ – Air Canada today reported first quarter 2020 EBITDA(1) (earnings before interest, taxes, depreciation and amortization) of $71 million compared to first quarter 2019 EBITDA of $583 million. The airline reported an operating loss of $433 million compared to operating income of $127 million in the first quarter of 2019. At March 31, 2020, unrestricted liquidity […]
Air Canada’s Transat buyout fuels investor coronavirus jitters – sources
News from Reuters – link to story Exclusive: 1 May 2020 (Reuters) – Air Canada’s C$720 million ($517 million) purchase of tour operator Transat AT is fuelling jitters among some investors who would like to see the deal renegotiated with the aviation industry in turmoil due to COVID-19, two sources familiar with the matter told […]