Air Canada more than tripled its revenues last quarter as demand for travel revved back up, though a net loss of nearly $1 billion signalled the pandemic recovery is far from complete.
After being at less than 10 per cent of pre-COVID levels earlier in the year, passenger volumes at YOW have climbed to within 50 per cent of their 2019 totals.
It’s the first time in 15 years that the carrier will offer service between the nation’s capital and the Toronto Island airport.
Although overall bookings remain below pre-pandemic levels, customer interest began to increase in June with the elimination of quarantines for fully vaccinated returning Canadians and the removal of…
Move fuelled by increase in vaccinations, decline in COVID-19 cases and easing of governments restrictions.
Ottawa International Airport Authority CEO Mark Laroche didn’t sugar-coat the impact of the pandemic on the facility’s bottom line.
'The current mandatory hotel quarantine for arrivals has proven ineffective,' CEO says as airline posts $1.3B first-quarter loss.
Toronto-based airline currently employs about 100 people in the capital.
E-commerce powerhouse’s stock price dipped nearly 14 per cent – or more than $185 – to $1,173.53 on the Toronto Stock Exchange on Monday.
Toronto-based carrier blamed the latest deferral on a recent surge in COVID-19 cases and ongoing travel restrictions aimed at curbing the spread of the virus.