|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||15.99 - 16.09|
|52 Week Range||11.86 - 17.88|
|Beta (5Y Monthly)||2.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2023 - Aug 04, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.00|
Air Canada's pilots have ended a decade-long contract framework, opening the door to "full bargaining this summer," their union leadership said on Monday in a note to members seen by Reuters. Air Canada pilots have previously said they are pressing for "historic" gains to narrow the earnings gap with higher-paid aviators at U.S. carriers. Their counterparts at Onex Corp's WestJet Airlines reached a tentative agreement that would offer a 24% hourly raise over four years, plus other pay and benefits.
MONTREAL (Reuters) -Air Canada's pilots have ended a decade-long contract framework, opening the door to "full bargaining this summer," their union leadership said on Monday in a note to members seen by Reuters. Air Canada pilots have previously said they are pressing for "historic" gains to narrow the earnings gap with higher-paid aviators at U.S. carriers. Their counterparts at Onex Corp's WestJet Airlines reached a tentative agreement that would offer a 24% hourly raise over four years, plus other pay and benefits.
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WestJet Airlines pilots will get a 24% hourly raise over four years, plus other pay and benefits as part of a tentative agreement reached in May, according to a copy seen by Reuters on Friday. The tentative agreement was reached by Onex Corp's WestJet and the Air Line Pilots Association (ALPA) less than 24 hours before the start of an expected strike at Canada's second-largest carrier. The deal, pending approval by WestJet pilots, is expected to put pressure on Air Canada as the larger rival faces a call from its pilots to narrow the earnings gap with higher-paid aviators in the United States.
MONTREAL — Air Canada briefly grounded its planes Thursday due to a problem with its computer system, delaying nearly half its flights. A "technical issue" with the system the airline uses to communicate with aircraft and monitor their performance prompted a halt to operations, the Montreal-based company said. "There have been some delays as a result, but the system is now returning to normal, and the precautionary ground stop has been lifted," said spokesman Peter Fitzpatrick in a statement Thu
Air Canada said on Thursday that a precautionary ground stop on its flights has been lifted after the country's largest carrier faced a technical issue. Air Canada said in a statement it experienced a temporary issue with its communicator system, which is used to communicate with aircraft and monitor operational performance. Airlines globally have been wrestling with technical problems that have lead to delays, with Southwest Airlines Co blaming a one-hour stoppage of its flights in April on a vendor-supplied computer network firewall.
MONTREAL (Reuters) -Air Canada said on Thursday that a precautionary ground stop on its flights has been lifted after the country's largest carrier faced a technical issue. Air Canada said in a statement it experienced a temporary issue with its communicator system, which is used to communicate with aircraft and monitor operational performance. The problem led to some delays, although the "system is now returning to normal," the carrier said in a statement.
Air Canada says the its system is now returning to normal, with some delays.
Air Canada today announced the strategic expansion of its winter sun network that includes four new routes from Toronto and Montreal to Monterrey* and Los Cabos* in Mexico and, La Romana and Fort-de-France in the Caribbean. The airline is also deploying a substantial increase in capacity from its Vancouver hub to sought after sun destinations such as Mexico, Miami, Phoenix, Las Vegas and San Diego, and additional flights from coast to coast to popular winter vacation destinations in Florida, Mex
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Today reported a strong operational performance to begin the summer travel season. Approximately 540,000 ...
Air Canada today reported a strong operational performance to begin the summer travel season. Approximately 540,000 customers flew with the carrier between May 19 and 22, the May long weekend in Canada that traditionally marks the start of the summer travel season.
MONTREAL — Air Canada is launching non-stop, year-round service between Toronto and Yellowknife that it says will help support both tourism and business in the region. The route, which will fly three times a week, is expected to start service in December. The Montreal-based airline says customers will also be able to seamlessly connect from Yellowknife to flights by its partner airline Canadian North. Mark Galardo, executive vice-president of revenue and network planning, says flights will be ti
Air Canada today announced it will begin non-stop, year-round service between Toronto and Yellowknife in December. The new, three-times weekly service will provide convenient connections between eastern Canada and the capital of the Northwest Territories. Customers will also be able to seamlessly connect onward from Yellowknife on Air Canada's interline partner, Canadian North.
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TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,297.09, up 0.66 points): Suncor Energy Inc. (TSX:SU). Energy. Down two cents, or 0.05 per cent, to $38.47 on 20.6 million shares. Manulife Financial Corp. (TSX:MFC). Finance. Up one cent, or 0.04 per cent, to $26.02 on 10.7 million shares. Enbridge Inc. (TSX:ENB). Energy. Unchanged, at $50.00 on 9.0 million shares. Great-West Lifeco Inc. (TSX:GWO). Finance. Up 30 cents, or 0.78 p
A faceoff this week between WestJet Airlines and its pilots over pay could set the stage for aviators' demands in future bargaining with Air Canada. Pilots at Onex Corp-owned WestJet gave notice on Monday that they could go on strike as early as Friday, raising fears of travel disruptions during Canada's Victoria Day holiday weekend. On Thursday, WestJet said it had already cancelled its flights in anticipation of the strike.
MONTREAL — No sign of a breakthrough emerged in talks between WestJet and its pilots Wednesday, as the company's CEO deemed the union's expectations unrealistic while the Air Line Pilots Association slammed the airline for trying to 'publicly villainize' its workers. WestJet CEO Alexis von Hoensbroech said late Tuesday the two sides remained far apart on key sticking points — especially wages — as bargaining heats up and the clock ticks down on a strike deadline. "The gap is still massive," von
Air Canada announced today that one of its Airbus A330 aircraft has been outfitted with special diagnostics sensors in partnership with In-Service Aircraft for a Global Observing System (IAGOS), an international non-profit organization that utilizes commercial aircraft as a global observation platform of climate change and air quality. This collaboration will allow IAGOS to collect valuable worldwide data on climate parameters, which will be used by the international scientific community as well
MONTREAL — Air Canada has announced a partnership with Flydubai that will offer more options for travellers headed to destinations in the Middle East, East Africa, Indian Subcontinent and Southern Asia. Mark Galardo, Air Canada's executive vice-president for revenue and network planning, says the partnership complements the airline's non-stop service to Dubai from Toronto and Vancouver. Under the deal, an Air Canada marketing code will be placed on nine Flydubai routes from Dubai that will give
Air Canada and flydubai today announced a new partnership to give customers flying between Canada, the Middle East, East Africa, Indian Subcontinent and Southern Asia more convenient travel options.
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Air Canada (TSX: AC) announced that all the nominees identified in its management proxy circular dated March 21, 2023, were elected as directors of Air Canada at its annual meeting of shareholders held Friday, May 12, 2023.
MONTREAL — Air Canada reported that first-quarter revenue nearly doubled compared with a year earlier as travellers hopped back on airplanes en masse — even as higher costs tamped down net earnings. Buoyed by a record $4.9 billion in revenue, the quarter marked the second in a row where the carrier has turned a profit following 11 straight quarters of losses totalling $10.1 billion. Net income amounted to $4 million, in stark contrast to $974 million in losses a year ago. Chief executive Michael