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Air Canada T.AC

Alternate Symbol(s):  ACDVF

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.


TSX:AC - Post by User

Comment by allbeefhookedon Jul 11, 2020 6:28pm
149 Views
Post# 31256256

RE:RE:Question

RE:RE:QuestionNothing.


Here is a headline from the Financial TImes last week:

Insurers start to offer Covid cover as travel ban is lifted
Policies that pay out to people who contract the disease on holiday are increasingly common
The good news is that coronavirus is not automatically excluded from all policies. “At the moment we are seeing an increasing amount of cover coming in for Covid,” said Helen Chambers, head of travel insurance at Moneysupermarket, the price comparison site. When the virus started to spread in Europe, many travel insurers stopped offering new policies. They had their hands full moving their staff to home working and dealing with existing customers, and in any case, few people were booking new trips. According to the Association of British Insurers, travel insurers are likely to pay out over £275m because of coronavirus, mostly due to cancellations. That has changed over the past few weeks. “They took some time to work out what cover they want to offer,” said Ms Chambers. “We normally have around 55 brands on the Moneysupermarket panel. We have 16 live today but we do have a backlog of people coming back on board. By the end of August we’ll probably have 90 to 95 per cent of the panel that we had before.” “It has taken them a lot longer than we thought to get back in the game,” she added. “And it is changing every day.”

 “Our [insurance] includes cover for medical and repatriation costs as a result of Covid. We have a high limit there of up to £10m,” said Alex Cross, a director at Saga. “We include cover for a loved one to stay with you if you’re abroad and you’re hospitalised due to Covid . . . it’s such an emotional time that customers would want family support.”

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