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Air Canada and WestJet Expected to See Higher Profits in 2024 Despite Economic Concerns

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Analysts predict that Air Canada and WestJet will experience higher profits in 2024 due to strong travel demand, despite a potentially slower global economy. Both airlines have seen increased passenger counts during the recent holiday travel season. However, factors such as a weaker global economy, war in the Middle East, and volatile fuel and labour costs could pose challenges to their post-pandemic recoveries. Additionally, they face competition from low-cost Canadian carriers like Lynx Air and Flair Airlines.

Analysts predict that Air Canada and WestJet will experience higher profits in 2024 due to strong travel demand, despite a potentially slower global economy. Both airlines have seen increased passenger counts during the recent holiday travel season. However, factors such as a weaker global economy, war in the Middle East, and volatile fuel and labour costs could pose challenges to their post-pandemic recoveries.

Additionally, they face competition from low-cost Canadian carriers like Lynx Air and Flair Airlines

 

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