Ottawa-Sana
The largest airline in Canada announced that its revenues have decreased by 13.3 billion Canadian dollars, equivalent to “10.49 billion US dollars”, to 5.8 billion Canadian dollars in 2020 compared to 2019 due to the Corona pandemic.
The media quoted Air Canada CEO Calin Rovensco as saying that the disastrous impact of the Corona virus and the travel restrictions and quarantines imposed by the government led to a 73 per cent decrease in the number of passengers and an operational loss of approximately 3.8 billion Canadian dollars.
For the fourth quarter of last year, Air Canada recorded a loss of 1.2 billion Canadian dollars compared to a profit of 152 million Canadian dollars in the same period in 2019. Covid 19.
In addition, Canadian Airlines announced a new reduction in its flights, which will translate into cutting at least 1,500 additional jobs among its union employees and forcing an unspecified vacation for an unspecified number of managers.
Canadian media said that "starting from February 18, the major civil aviation companies in Canada will suspend their flights to 17 different destinations from Montreal, Toronto and Vancouver international airports until April 30 at the earliest."