The carrier’s brake tapping means it won’t exceed 2019 capacity levels until 2025, five years after the COVID-19 pandemic first hammered the travel industry
MONTREAL — Air Canada is proceeding more cautiously on growth plans this year, despite sturdy profits and strong bookings last quarter as its post-pandemic recovery continues.
The country’s biggest airline aims to boost flight capacity by six per cent to eight per cent, below analysts’ expectations of a 10 per cent increase.
“This is reasonable for us as we continue to see industry supply chain pressures and other constraining factors,” said head of network planning Mark Galardo on a conference call with analysts Friday. Those pressures may include production delays at Boeing Co. and Airbus SE, with at least one Air Canada plane delivery this year pushed back to 2025.
The carrier’s brake tapping means it won’t exceed 2019 capacity levels until 2025, five years after the COVID-19 pandemic first hammered the travel…
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