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YSJ CEO Addressed Air Travel Woes Before Commons Committee

Saint John Airport President and CEO Derrick Stanford. (staff photo) Atlantic Canada’s Airports lost more than six million passengers in 2020 and $140-million in revenue. After all the cost-cutting measures, there was a net loss of over $80-million Speaking to the House of Commons Transport Committee last week, Derrick Stanford, Saint John Airport CEO, said the unemployment rate in Atlantic Canada in the airline sector is now over 50 per cent. “2021 is not looking much better. We are down from over 140 routes to just 29 with only nine of those connecting us to the rest of Canada,” Stanford said. Stanford said the recovery line for the re-start of travel is getting further out of reach while their financial losses grow.

La réduction de service d Air Canada en Atlantique entre en vigueur | La COVID-19 en Atlantique

La réduction de service d Air Canada en Atlantique entre en vigueur | La COVID-19 en Atlantique
ici.radio-canada.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ici.radio-canada.ca Daily Mail and Mail on Sunday newspapers.

Atlantic provinces worry as flight and bus routes cut off amid pandemic

Atlantic provinces worry as flight and bus routes cut off amid pandemic
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

Efforts to save Maritime airports take off

  SYDNEY, N.S. The tarmac at the J.A. Douglas McCurdy Sydney airport was empty Tuesday as its future remains very much up in the air. But community members, along with the Cape Breton Partnership, are rallying in hopes flights will soon be taking off daily again. A number of organizations have been writing letters to various government stakeholders, but we wanted to make sure we had the opportunity to do more, said Cape Breton Partnership CEO Carla Arsenault. Arsenault says a video will be launched later this week, outlining the impact on all corners of the community when Air Canada departs the airport for the final time on Jan. 11.

$10,000 Invested in Air Canada (TSX:AC) at the Start of 2020 Is Worth This Much Today

Home » Investing » $10,000 Invested in Air Canada (TSX:AC) at the Start of 2020 Is Worth This Much Today $10,000 Invested in Air Canada (TSX:AC) at the Start of 2020 Is Worth This Much Today More on: Image source: Getty Images COVID-19’s impact on the aviation industry is unprecedented. Hopefully, the coronavirus vaccines could save airline companies that are on the verge of collapse. For Canada’s largest domestic and international airline, a vaccine offers hope for a comeback. Air Canada(TSX:AC) shares are climbing lately, but the year-to-date loss is still a high 46%. Had you invested $10,000 at the start of 2020, your money would be worth $5,232 today, or a loss of $4,768. The company’s losses after three quarters are over $3.35 billion. One positive development in the most recent quarter is the narrowing daily cash burn.

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