Air Canada looks to avoid summer mistakes in upcoming travel season - BNN Bloomberg

The company learned valuable lessons during the"operationally challenging" summer months that it is applying to current operations as travel demand continues to bounce back, said chief executive Michael Rousseau on Friday.

While travel disruptions continued throughout July, there were improvements in August and September that helped see Air Canada transport around 11.5 million passengers in the third quarter and reach its first positive operating income since the pandemic began. An unfavourable foreign exchange rate added to the high price of aircraft fuel, which increased more than 80 per cent from the third quarter of 2021, said Amos Kazzaz, chief financial officer for Air Canada.

Holiday Holiday Latest News, Holiday Holiday Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Air Canada narrows loss to $508 million in quarter that saw demand surgeWhile the airline posted a loss in the quarter, its operating income was $644M, the first time it has hit positive territory since the pandemic began From alicjawithaj
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Air Canada loses $508 million in 'operationally challenging' quarter: What you need to knowAir Canada\u0027s CEO apologized for a summer of travel chaos as the carrier reported a loss of $508 million for the third quarter. Read on
Source: VancouverSun - 🏆 49. / 61 Read more »