Shrinking airfield: Canada's airline market consolidates, raising risk of fares hikes

MONTREAL — After entertaining new entrants for several years, Canada's airline market is once again on the path to consolidation, raising the likelihood of higher fares and fewer flight options.

“The fewer competitive entities you have in Canada, the less pressure you have to be price-competitive," Gradek said. While big cities remain amply served, smaller ones have fewer options, which can also result in higher prices and, when things go awry, stranded passengers. "In recessionary periods, there's a lot of airplanes suddenly on the market at a low cost," said Barry Prentice, director of the University of Manitoba's transport institute.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Labour market gains 41K jobs in Canada, supports Bank of Canada holding rates for longerStatistics Canada said February's increase in the labour market was driven by a rise in full-time work.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »