Air Canada says it lost $81 million in its first quarter, falling below analysts' expectations even as revenue and capacity ramped up.
After surpassing passenger records in the first quarter of 2024, London’s Heathrow Airport is expecting its “busiest summer on record.” As summer season approaches, Canadians may be planning their summer vacations. But they might think twice about travelling through the major airport with its struggle to meet demand in recent years. Global's Naomi Barghiel reports.
“Winter is challenging every year,” added CEO Michael Rousseau, referring to what is traditionally the toughest quarter for North American carriers. “But as we look late into the quarter and into Q1, we’re starting to see some very encouraging signals on corporate demand — to the tune of almost 10 to 20 per cent greater on a year-over-year basis.”Story continues below advertisement
On Thursday, Air Canada reported that it swung to a loss in its first quarter compared to net income of $4 million in the same period a year earlier.
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