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Air Canada T.AC

Alternate Symbol(s):  ACDVF

Industrials Airlines
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

Air Canada
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Comment by Stunneron Sep 14, 2016 11:44am
103 Views
Post# 25236026

RE:RE:RE:RE:RE:More evidence of Atlantic problems.

RE:RE:RE:RE:RE:More evidence of Atlantic problems. Canada 3000 bought Royal Airlines in January 2001 for 84 million. In March of 2001 C3 bought 7.5 million of Canjet Stock. 

We we in the airline industry thought it was on its way to being a true alternative to AC ( they had just swallowed Canadian ) remember , west jet was still a tiny idea !!

Sept 10 , 2001 we actually had record bookings for the company. 

Sept 11, 2001 the terrorists stuck. North American airspace closed for a week. 

Bookings dropped of 60%. Never had a chance to recover. 

But we were making money to cover new assets. Fuel was reasonable. But creditors came knocking and it was decided to pull the plug. 

Shortly afterwards I joined Air Transat. 
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