A two-week pilot strike at Canada's largest carrier could result in losses of $98 million a day
Economists Randall Bartlett and LJ Valencia, estimate that a two-week pilot strike at Canada’s largest carrier could result in daily losses of roughly $98 million, a 0.06 per cent month-over-month loss to real GDP in September.
The number of passengers could decrease by 2.1 million, a 29 per cent decline from the previous month, they added. Air Canada said its talks with the Air Line Pilots Association was nearing an impasse over wage demands. “The potential for a labour disruption is alarming, given the wide-reaching implications it would have on Canadians, the nation’s economy, supply chains and our global reputation,” said theThe group was to hold a press conference in Ottawa on Thursday to urge the federal government to take action to prevent the potential labour disruptions.The Desjardins economists said their study assumes a strike would last two weeks, similar to the last major Air Canada pilot strike in September 1998.
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