Air Canada sees job cuts with recovery taking 3 years or more

WorldNews

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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...

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