Air Canada is experiencing a decline in bookings for U.S. travel over the next six months, with reductions in the “low teens” percentage range, due to ongoing trade tensions and a weaker Canadian dollar, according to CEO Michael Rousseau.
Despite this, Air Canada shares surged over 10 per cent in morning trading after it reported a quarterly loss that was smaller than analysts had anticipated.
The gain came even though the airline revised its annual adjusted core profit forecast downward on Thursday.
Air Canada previously said its decline in U.S. bookings over the next six months mirrored an industry-wide drop of roughly 10 per cent.
“Uncertainty was for sure the main theme during the first quarter,” Mr. Rousseau told…
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