Photo: The Canadian Press
Air Canada reported a third-quarter profit of $2.04 billion, up from $1.25 billion in the same quarter last year as its operating revenue edged slower.Air Canada logos are seen on the tails of planes at the airport in Montreal on Monday, June 26, 2023. THE CANADIAN PRESS/Adrian Wyld
Air Canada’s stock closed up almost 14 per cent after it announced a share buyback program, an earnings beat and a higher earnings outlook.
The positives come despite a disruptive third quarter that saw pilot contract negotiations come down to the wire, creating uncertainty for travellers and helping push down both revenue and passenger volumes.
The new contract with pilots, which includes a cumulative 42 per cent wage hike…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
Read moreDetails
