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. In addition to high demand, this quarter also saw high ticket prices that helped offset fuel costs, said Walter Spracklin, an analyst for RBC Dominion Securities.
Air Canada reported its capacity, measured as available seat miles, for the quarter was up 130 per cent compared with a year ago, while its traffic measured in revenue passenger miles was up 179.5 per cent compared with the third quarter of 2021.
The airline will actually....
Air Canada lost my last two business trip bookings because of uncompetitive pricing. Bad move.
Who will possibly have any money left over for an “upcoming travel season?” Get serious.
Nope. They still sold more tickets than they will be able to handle in the upcoming holiday season. Air Canada does not care about passengers, they only care about profits.
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