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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Post by Inca2020on Apr 08, 2020 5:00pm

443 Views

Post# 30891893

maybe... just maybe..

It really is a great cost saving for the company now that 100% of the work force is costing them only 25% of their wages rather than 50% of the workforce costing them 100%.

They were probably just about to pull the trigger on another wave of layoffs and used that as leverage in their negotiations with the Feds to get them to subsidize the workforce since they were not getting a cash injection.

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