91.5FM
91.5HD2
airing nowConnect FM 101.7 Edmonton
airing now
8.85 c
8.85 cEdmonton
airing now|91.5 FM
91.5 HD2
Air Canada stock drops after carrier cuts summer schedule
BY THE CANADIAN PRESS, Jun 30, 2022 3:50 PM - REPORT AN ERRORAir Canada‘s stock fell seven per cent in early morning trading after the carrier announced major cuts to its summer flight schedule.
The Montreal-based airline said Wednesday night it will nix more than 15 per cent of its flights in July and August as airports face lengthy delays and cancellations amid an overwhelming travel resurgence.
The move will see 154 flights per day on average dropped from the airline’s schedule– already operating at just 80 per cent of pre-pandemic levels– affecting hundreds of thousands of passengers.
Air Canada shares fell $1.27 or 7.4 per cent to $15.80 Thursday morning before rebounding slightly.
Share on
Related News
Sign up for the newsletter
We'll deliver best of entertainment right into your inboxWe love to hear from our listeners, so feel free to send us message
Message us on whatsapp
