Published 15 days ago

Air Canada pins hopes on business travellers after profits fall

Business travel spending in Canada is projected to increase by nearly 14% to $25.9 billion this year, surpassing U.S. And global averages, based on a report by the Global Business Travel Association.
Executives in tech and transportation are starting to fly more, indicating a positive outlook for corporate demand, as stated by Galardo.
Air Canada experienced a $81 million loss in the first quarter, despite revenue and capacity growth, with premium products contributing to 30% of passenger revenue growth.

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CTV News

Air Canada pins hopes on business travellers after profits fall

Canadian airlines have enjoyed a two-year boom amid consumer hunger for post-pandemic travel. But as that pent-up demand recedes, the country's largest carrier hopes to ramp up ticket sales to corporate customers instead.

16 days ago·Canada

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Reuters

Air Canada reports wider-than-expected loss, shares drop

Air Canada reported a bigger first-quarter loss than expected on Thursday on higher operating costs tied to labor and aircraft maintenance, overshadowing early signs of a revival in corporate demand.

15 days ago·United Kingdom

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Global News

Air Canada says post-COVID ‘revenge travel’ slowing as profits fall

Air Canada says it lost $81 million in its first quarter, falling below analysts' expectations even as revenue and capacity ramped up.

16 days ago·Toronto, Canada

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Sask Today

Air Canada pins hopes on business travellers after profits fall

MONTREAL — Canadian airlines have enjoyed a two-year boom amid consumer hunger for post-pandemic travel. But as that pent-up demand recedes, the country's largest carrier hopes to ramp up ticket sales to corporate customers instead.

15 days ago

Read Full Article