Air Canada will probably need at least three years to fully recover from the devastating impacts of the COVID-19 pandemic — with its top executive warning that the carrier will emerge from the crisis with far fewer employees. On Monday, Canada’s biggest airline reported a first-quarter net loss of $1.05 billion, or $4 a share, compared with net income of $345 million, or $1.26, in the year-earlier period. Revenue fell 18 per cent to $3.72 billion, Montreal-based Air Canada said in a . Faced with border closings and government-imposed lockdowns at home and abroad, Air Canada slashed capacity by up to 90 per cent in the first quarter, entering what chief executive officer Calin...
Full ArticleAir Canada sees job cuts with recovery taking 3 years or more
WorldNews
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