Air Canada, like all airlines, is feeling the hit from the Corona Virus. President and CEO Calin Rovinescu says, “The crisis facing our industry is worsening as countries around the world adopt increasingly sever measures, national lock-downs, and travel restrictions.” He is calling on the federal government to provide assistance to Canada’s airlines whether through forbearance of taxes, land fees, and other charges that form part of the aviation burden. In the meantime, the company plans to adjust capacity as required. Through several factors such as lower jet fuel prices and workplace deductions, the company hopes to mitigate between 50 and 60 per cent of total revenue losses for the second quarter.
Air Canada Bracing for the Fallout that will Continue
Mar 16, 2020 | 10:34 AM














