Air Canada's CEO describes the damage the COVID-19 pandemic as cataclysmic to airline industry

Air Canada's CEO is using the word cataclysmic to describe the damage the COVID-19 pandemic has done to the airline industry.

The company lost more than one-billion-dollars in the first quarter.

Calin Rovinescu is predicting it will take Air Canada at least three years to return to the flight capacity and earnings heights of last year, calling this the darkest period ever in the history of commercial aviation.