Canada s Cargojet tells pilots it may shift some work to U.S. Reuters 1 hr ago
May 13 (Reuters) - Canada s Cargojet Inc has threatened to move work to the United States unless it wins exemption from rules aimed at preventing pilot fatigue because of their cost, according to a deal rejected by its pilots seen by Reuters.
Cargojet has said it wants to reduce costs and grow in the United States as Canada s largest cargo carrier benefits from an increase in air freight demand due to a decline in belly capacity” from passenger aircraft grounded during the pandemic.
The Ontario-based company, which reported 30% higher quarterly revenues this month, has hired more than 60 pilots in the past three to four months to meet stronger demand and comply with Canadian rules that went into effect in December. Those shorten the number of hours pilots can work at night and extend their rest periods, among other conditions.
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.
By Reuters Staff
(Adds CEO comment on hotel quarantines)
May 7 (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.
By Syndicated Content
May 6, 2021 5:23 AM
(Reuters) â Canadaâs Bombardier reported a 43 increase in quarterly adjusted profit on Thursday, helped by a recovery in business aviation, as rising COVID-19 vaccinations encourage wealthy travelers to fly again.
Bombardier has emerged as a pure-play business jet maker after divesting assets, including its transportation business to Alstom in January, to pay down debt and boost earnings.
The corporate aircraft maker announced early results on Monday after contesting a bondholderâs claims that its recent sales of non-core assets breach the terms of certain notes.
Montreal-based Bombardier said it would seek bondholdersâ consent to amend terms on eight bond issues.