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.

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Air Canada > Ryanair chief warns fares will rise for 5 years

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Comment by Returns2021on Jul 02, 2022 3:55pm

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Post# 34797558

RE:Ryanair chief warns fares will rise for 5 years

He has nothing to worry about, demand is about to plunge as a recession takes hold

factoman wrote:

Ryanair chief warns fares will rise for 5 years because flying is ‘too cheap’
Ryanair boss Michael O’Leary, the pioneer of low-cost travel in Europe, has warned fares will rise for the next five years because flying has become “too cheap” to make profits as industry costs spiral. His warning comes as ticket prices have risen in Europe and the US this summer as passengers return and some airlines cut capacity because of staff shortages. “It’s got too cheap for what it is. I find it absurd every time that I fly to Stansted, the train journey into central London is more expensive than the air fare,” he said in an interview with the Financial Times. He said he expected a combination of high oil prices and environmental charges to push the average Ryanair fare up between 25 percent to 50 percent over the medium term.