International News

Major Air Canada is losing more than a billion dollars

The darkest period in aviation history" ... Canadian Airlines loses a billion dollars


The largest Canadian airline, Air Canada, announced a loss of $ 1.16 billion in the fourth quarter of 2020 due to the Corona virus.

The president and CEO of the company, Calin Rovensco, described the loss as the worst in the history of aviation, and said in statements to the Canadian (CBC) news network today, Sunday, that discussions have escalated over the past weeks with the Canadian federal government about the rescue package for the aviation sector due to the Corona crisis and providing support My money to him.

Rovinescu pointed out that the operating revenues of Air Canada decreased to 827 million dollars in the fourth quarter of last year, as the Corona pandemic impeded air travel.

He pointed out that the number of passengers on Air Canada decreased by 73 per cent in 2020, after several years of record growth for the company.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button