last quarter as demand for travel revved up, though a net loss of nearly $1 billion signalled the pandemic recovery is far from complete.
However, Air Canada's capacity continues to lag its U.S. counterparts and business travel remains at half the volume it hit three years ago, said chief commercial officer Lucie Guillemette. “We believe that much of this increase can be recovered in fares,” chief financial officer Amos Kazzaz said of jet fuel prices, which were up nearly 119 per cent year over year as of April 22, according to the International Air Transport Association. Spiking in March amid the war in Ukraine, the price has nudged down by 5.5 per cent over the past month.
“Even with the disappointing first-quarter results, we believe they'll be on track as the recovery continues.” Cargo revenue grew 42 per cent year over year to $398 million in the first quarter - 15 per cent of total revenue - with two new Boeing 767-300 freighters set for delivery this year.
And it's coming more and more. Stand for Ukraine while filling up on gas station. Few tears looking at the price is welcomed 🤣
We need affordable air travel fucktheturtles