MONTREAL – Air Canada lowered its financial forecast for the year as travellers shy away from trips to the United States, pushing the country’s largest airline to boost flight capacity outside America and rein in costs amid bigger quarterly losses.
“We observed a decline in interest among Canadians for travel to the U.S. The noise around tariffs and trade disputes definitely had an impact,” chief executive Michael Rousseau told analysts on a conference call Friday
“But also we believe some travellers avoided the U.S. simply because it was expensive, with the Canadian dollar trading at levels not seen since 2020.”