Here are some of the key reasons why I don’t expect Air Canada stock to continue underperforming the TSX Composite for much longer. The post How Much Longer Will Air Canada Stock Underperform the TSX Composite? appeared first on The Motley Fool Canada.
Pilots at Canada's largest carrier would receive a minimum 20% increase in pay up front, which would be followed by annual hikes over three years, the report said. The agreement, if reached, will avert a strike that is set to begin as early as Sept. 17 and would lead to travel disruptions across Canada. Air Canada declined to comment on the specifics of the labor negotiations but said it was open to any solution to reach a reasonable settlement with its pilot union, including arbitration.
(Bloomberg) -- Air Canada has offered to boost the pay of more than 5,000 pilots by about 30% within the next three years, according to people familiar with the matter, as it seeks to prevent a strike. Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsPilots at Canada’s largest airline would received a minimum 20% increase up front, followed by annual raises over a three-year p