Air Canada has suspended more than 800 employees for not being fully vaccinated against COVID-19 in line with federal rules.
The vast majority of Air Canada's 27,000 cabin crew, customer service agents and others have received both shots, chief executive Michael Rousseau said Tuesday.
Prime Minister Justin Trudeau announced last month that as of Oct. 30, Ottawa would require federally regulated air, rail and shipping companies to establish mandatory vaccination policies for employees. “We're witnessing a strong rebound in VFR , and leisure traffic remains strong, specifically within North America, across the Atlantic and to sun destinations,” chief commercial officer Lucie Guillemette said on the conference call.
But revenue fell more than 60 per cent short of Air Canada's third-quarter figures in 2019 while capacity remained two-thirds below, as COVID-19 fallout continues to dent carriers' bottom lines. Net cash flow of $153 million was well above analyst expectations of cash burn of up to $460 million. It marked the first quarter Air Canada has enjoyed cash flow in the black since the onset of the pandemic.
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