![Korean Air and Emirates planes are seen at Incheon International Airport on March 16. [YONHAP]](https://images.traveltrade.today/wp-content/uploads/2026/03/Passengers-Rush-to-Book-Flights-Before-April-Fuel-Surcharge-Hikes.jpg)
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Wednesday, May 14, 2025
Air Canada has significantly downgraded its annual profit forecast after experiencing a steep drop in U.S.-bound travel, driven by escalating political tensions, new American trade tariffs, and controversial rhetoric from U.S. leadership. The decline in cross-border demand, compounded by a weakened Canadian dollar and severe winter disruptions, has not only caused the airline to miss revenue expectations for the first quarter of 2025 but also prompted a strategic shift toward expanding international routes in Europe and the Asia-Pacific region to…
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