Bullboard - Stock Discussion Forum 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... see more

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Air Canada > Ac to ADD capacity

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Post by CHECKMATE77 on Feb 20, 2022 8:36am

Ac to ADD capacity

AIR CANADA TO ADD CAPACITY AS COVID RESTRICTIONS EASE

National Post (Latest Edition)
February 19, 2022

Air Canada said on Friday it would add capacity during the start of 2022 as pandemic travel restrictions relax, after reporting a smaller fourth-quarter loss due to strong advance ticket sales despite a December Omicron outbreak. Canada’s largest carrier, which lost $3.6 billion in 2021, is adding flights and bringing back staff amid hopes for a further easing of government restrictions. Air Canada said it would increase its available seat miles capacity by 243 per cent during the first three months of 2022, compared with the same quarter in 2021, although it was down 44 per cent from 2019 levels. The airline’s net loss was $493 million, or $1.38 per share, for the quarter ended Dec. 31, compared with a loss of $1.16 billion, or $3.91 per share, a year earlier.

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