Air Canada is profiting more than even Loblaws despite flurry of customer complaints Canada AirCanada
Air Canada can proudly add itself to the list of Canadian companies — ones that exist in oligopolies with
, of course — that is still making enraging amounts of money despite constant customer complaints and public backlash., taking in an astonishing $5.4 billion in revenue and earning $838 million after expenses and interest.This marks a ginormous 36 per cent increase in earnings in Q2 2023 compared to Q2 2022, and a $1.2 billion jump in net income compared to the same time last year, when COVID restrictions hit the travel sector hard and resulted in huge losses.
Executives attribute the results to the return of a strong demand for travel, with more than 11 milion people flying with Air Canada in the last quarter alone.announcing the news that their success"shows the effectiveness of our plan," presumably one to improve business and bounce back from the pandemic .employees is its shareholders, not its customers.
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