Air Canada reports a wider loss as COVID-19 restrictions limit travel
05/07/2021 | 10:56am EDT
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(Reuters) -Air Canada on Friday reported its fifth straight quarterly loss as tough government restrictions aimed at curbing the spread of COVID-19 weighed on air travel and drove the company to secure a C$5.9 billion ($4.84 billion) government aid package.
Speaking on an investor call, Air Canada executives said they assume the country's travel restrictions - which have been more strict than those implemented in neighboring United States - will ease somewhat by the fourth quarter.
Once that happens, they said travel patterns should be similar to those in the United States, where a fast vaccine rollout and falling numbers of COVID-19 cases have driven a surge in travel demand.