The airline said it is going to burn more cash this quarter after reporting fourth-quarter revenue that trailed analysts’ estimates.
Air Canada’s top executive sounded more optimistic on the chances of a government aid package, as a prolonged travel slump forces it to further cut capacity.
Canada’s biggest airline said it’s going to burn more cash this quarter after reporting fourth-quarter revenue that trailed analysts’ estimates. Yet outgoing Chief Executive Officer Calin Rovinescu, who has criticized the government of Justin Trudeau for not supporting the industry, struck a more positive tone this time.
Rovinescu said in a statement he’s “very encouraged by the constructive nature of discussions” with the government…