Air Canada is lowering its 2024 forecast as it grapples with tough competition in international markets and its planes aren't as full as it anticipated during the second half of the year.
Air Canada logos are seen on the tails of planes at the airport in Montreal, Monday, June 26, 2023. Air Canada reported a loss of $81 million in its first-quarter as its operating revenue rose seven per cent. THE CANADIAN PRESS/Adrian WyldAir Canada is lowering its 2024 forecast as it grapples with tough competition in international markets and its planes aren't as full as it anticipated during the second half of the year.
The new outlook comes as the company reported preliminary results for the second quarter ahead of its next earnings date of Aug. 7.
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