Air Canada

Activist hedge fund Elliott Investment Management and Southwest Airlines Co. (NYSE:LUV) plan to meet for the first time on a couple of weeks to talk about possible changes to the airline. Elliott, which holds more than 9.7% of Southwest’s voting power, said it is eager to meet with company...

In the series of AI-powered chatbots going rogue, Air Canada's (OTC:ACDVF) conversational tool is the latest to bring trouble. The airline has been ordered to honor a refund policy that was mistakenly communicated by its chatbot. What Happened: Last week, Air Canada was ordered to refund a...

Hampered by strict government border restrictions, Air Canada disappointed investors with a US$918.3 million loss in the second quarter, but the cargo division did better than expected with a record $274 million in revenue. Cargo sales for the period ending June 30 were 33% greater than in 2020...

Air Canada (TSX: AC) on Monday announced the initial routes it plans to operate this fall when its first pure freighter converted from a passenger aircraft enters service. The news is the outcome of a major strategic decision to more aggressively pursue cargo business with dedicated aircraft. The...

It took the Federal Aviation Administration two months to authorize U.S. airlines to remove seats from passenger aircraft for cargo purposes. Air Canada (TSX: AC) received its governmental OK in a week. Industry urgency to innovate also was greater north of the border. Canada's flag carrier was...

Air Canada (OTCMKTS:ACDVF) said it will take three years to get back to 2019 revenue and capacity levels, and that it is accelerating the retirement of 79 older planes to make ends meet while it rides out the coronavirus crisis. That recovery timeline was echoed last week by executives at U.S....

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Each year, OTC Markets releases its OTCQX Best 50, an annual ranking of the top 50 companies on its top market tier, OTCQX. The list is...

If you think the lost availability of the Boeing 737 MAX due to the worldwide grounding is just a minor inconvenience for airlines, consider this: Air Canada is paying salary and benefits to 400 pilots it hired and trained to fly the MAX who are sitting around with nothing to do until the airplane...

Air Canada's  (TSX: AC) stock slid 2.64% on Feb. 18 due to fourth quarter results that fell below analysts' expectations. Reasons for lower results included a choppy implementation of a new passenger reservation system, higher stock-based compensation costs and the ongoing financial drag of the...

Air Canada's (TSX:AC) cargo revenue fell by 18.4% during the third quarter on weakness from the Atlantic and Pacific markets.  Canada's largest carrier reported on Oct. 29 that it generated C$177 million (a Canadian dollar equals US$0.76) in cargo revenue compared to C$218 million in the third...

Union members belonging to the International Brotherhood of Teamsters have ratified a new 10-year contract with Air Canada. The airline said it was notified of the results by the union on Wednesday. The IBT represents the airline's 700 U.S.-based employees, including air cargo workers. The long-...

Air Canada said Wednesday that it has removed the Boeing 737 MAX from its flying schedule until February 14 because ongoing regulatory uncertainty could cause problems as it launches a new reservation system. Transportation authorities around the world grounded the MAX, a more fuel-efficient...

Good day, An Air Canada Rouge flight returned to Vancouver after the Boeing 767-300's cabin filled with the odor from a shipment of durian fruit – whose odor is often compared to rotting meat. Details from the flight on Air Canada's (TSX:AC)  low-cost subsidiary emerged in the incident report...

Air Canada (TSX:AC) will face an additional level of government scrutiny as it seeks to acquire Transat (TSX:TRZ), delaying the deal by as much as nine months. The Ministry of Transport said on Aug. 26 that the C$720 million (a Canadian dollar equals US$0.76)  acquisition "raises public interest...

Air Canada (TSE:AC) will spend an additional C$200 million to buy Transat A.T. (TSE:TRZ) to win the support of the Canadian tour company's largest shareholder. (A Canadian dollar is worth US$0.76.) Air Canada announced on August 11 that Transat shareholder Letko Brosseau and Associates backed the...