Category: Airline Stocks
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Air Canada Secures Tentative Deal With Flight Attendants After Three-Day Strike
Key Numbers Air Canada (TSX:AC) has struck a tentative agreement with its 10,000 flight attendants, ending a three-day strike that grounded hundreds of flights and disrupted travel for about 500,000 customers. The deal, reached after more than nine hours of mediated talks, introduces boarding pay for the first time—a major sticking point in negotiations—and provides Read more
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Air Canada Slides After Weak Earnings and Rising Costs Pressure Margins
Key Numbers Air Canada (TSX:AC) shares have come under pressure following a mixed second-quarter earnings report. Although revenue for the quarter ending June 30 climbed 2% to $5.6 billion, net income plummeted to $186 million—less than half of the $410 million posted a year earlier. The sharp drop in profitability was primarily driven by margin Read more