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CP lays out timeline for KCS merger; shareholders to vote in December - Business News
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CP lays out timeline for KCS merger; shareholders to vote in December
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British Columbia – Air Canada and WestJet Airlines Ltd flew fuller planes in June, they said on Tuesday, as air travel demand ticked up at the start of the busy summer season.
British Columbia – Air Canada and WestJet Airlines Ltd flew fuller planes in June, they said on Tuesday, as air travel demand ticked up at the start of the busy summer season.
Air Canada, Canada’s biggest airline, reported a record load factor of 84.7 percent, up from 80.9 percent in June last year. The figures included results from regional feeder service Jazz.
Air Canada’s load factor rose despite a system-wide capacity increase of 9.9 percent.
BRP says it expects to receive clearance from authorities mid-week.
Chief executive Jose Boisjoli says he doesn t anticipate any material impact on its business from the disruption.
He says the incident will delay some side-by-side deliveries.
Cameron Doerksen of National Bank Financial says the loss of more than 1,000 vehicles will be covered by insurance.
Still, he said the production setback is another challenge faced by BRP and the powersports industry as a whole that has been gripped by semiconductor shortages over the past year. The Juarez 2 plant is expected to restart production by mid-week, but the loss of production units and the short plant shutdown will exacerbate the already challenging production conditions (upwards of 10 days of lost production at Juarez 2 due to this incident), he wrote in a report.
CN and KCS reach merger deal while CP Rail still seeks regulatory OK as backup
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