Air Canada posts quarterly profit versus year-ago loss
posted quarterly earnings that soared to pre-pandemic levels amid high travel demand and pricier fares, and despite tens of thousands of flight delays.
The sturdy earnings came despite consistent delays across its network over the past two and a half months, with half of the carrier’s flights routinely arriving late or cancelled outright. He also acknowledged problems on its large network of regional flights, run by Jazz Aviation. The CEO cited a pilot shortage amid new competitors – Flair Airlines and Lynx Air are two – stricter rules around rest and shift length as well as pilot schools that saw enrolment shrink to a trickle during the COVID-19 pandemic.
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