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Air Canada Issues Lockout Notice After CUPE Strike Warning

ByAdmin

Air Canada has issued a statutory 72-hour lockout notice to the Canadian Union of Public Employees (CUPE), which represents 10,000 flight attendants at Air Canada and Air Canada Rouge, after the union declared its intent to strike. The airline will conduct a phased suspension of most operations over the next three days, aiming for an orderly shutdown to minimize…

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Air Canada Reports Third Quarter 2024 Financial Results

ByAdmin

Air Canada has released its financial results for the third quarter of 2024, reporting operating revenues of $6.1 billion, a 4% decrease compared to the same period in 2023. The airline achieved an operating income of $1.04 billion and an adjusted EBITDA of $1.523 billion, reflecting year-over-year declines of $375 million and $307 million, respectively.