Air Canada, already coming off a rally that has sent the stock up more than tenfold from its lows in 2012, is setting the stage for a �multi-year ramp in its earnings,� says Cormark Securities analyst David Newman.
Air Canada affiliate Jazz Aviation ratified a 11-year labour agreement with ALPA, its pilots association, Friday. "Reaching a new agreement with our pilots serves as a catalyst for our transformation to a stronger competitor in the regional aviation ...
TheChronicleHerald.ca (registration) - 20 hours ago
MONTREAL - After taking the stock market by storm in 2013, Air Canada's shares could double in the next year as low fuel prices boost profits at the airline and its rival WestJet, an industry analyst said Friday.
Both Air Canada and WestJet Airlines Ltd. said traffic as measured by revenue passenger miles grew more slowly in December than available seat miles, a trend that caused both airlines to report lower load factors in the month than a year earlier.
"Air Canada offers an excellent service to Montreal from the airport and we hope they will continue to offer these flights to their passengers who, based on reported traffic and load increases, clearly value Air Canada operations at Billy Bishop Airport.
As Air Canada basks in the glow of a record financial performance, one of its largest unions will seek to make up some ground its members lost more than a decade ago when the airline was in bankruptcy protection.