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Tag Archives: airlines

‘Intensely competitive’ winter ahead for airlines serving sun destinations

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It’s shaping up to be an “intensely competitive” winter for Canadian airlines and tour operators serving sun destinations, leading analysts at National Bank to lower their price targets for WestJet Airlines Ltd. and Transat AT Inc. The bank’s analysis of the sun destination leisure market found that total capacity from …

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EU court backs airlines, including Air Canada, reversing fine over air freight price fixing

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Air France-KLM and 10 other airlines, including Air Canada, have won a challenge against a near 800 million-euro (US$1.2-billion) fine for fixing air freight charges, with Europe’s second highest court saying on Wednesday that it found the EU decision contradictory. The European Commission in a 2010 finding said that 11 …

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WestJet Airlines Ltd faces challenging 2016 thanks to high exposure to weak Alberta

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The bloom came off the rose for Canadian airline stocks in 2015 despite plunging fuel costs, and 2016 could prove to be even more challenging as capacity additions continue to eclipse economic growth. The quotable Gregg Saretsky: WestJet CEO on Air Canada competition, unionization and more On Air Canada’s decision …

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Canada’s incumbent airlines have little to fear from new startup NewLeaf Travel

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Canada’s incumbent airlines have little to fear from a new, ultra-cheap competitor that will begin flying next month, according to an analysis by National Bank. NewLeaf Travel Company Inc. on Wednesday opened its website for bookings, with its first flight planned for February 12. To keep prices low, the airline’s …

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Bombardier Inc’s CSeries hopes dashed by United Airlines, but Delta Air Lines Inc remains potential buyer

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Two days after the CEO of Delta Air Lines Inc. said the company is taking a “serious look” at Bombardier Inc.’s CSeries jetliner, another major U.S. carrier dashed hopes that it too could be a linchpin customer for the troubled aircraft. United Airlines announced Thursday that it will buy 40 …

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WestJet Airlines Ltd bruised by ‘sudden, deep’ slowdown in Alberta as it braces for more blows

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WestJet Airlines Ltd. took a one-two punch from Alberta’s economy in the fourth quarter, forcing the airline to discount fares and redeploy capacity in anticipation of more blows this year. Shares fell 11.07 per cent to $16.63 Tuesday to close at their lowest level since 2012 after the Calgary-based company …

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How airlines are cutting fares to offset the weak economy and boost demand

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Airlines in Canada and around the world are using discounted airfares to stimulate demand, trading fuller planes for lower yields as the economy weakens. Air Canada and WestJet Airlines Ltd. reported strong load factors in January, with both airlines filling 80.1 per cent of their available seat capacity last month. …

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WestJet Airlines Ltd seeks to slow Bombardier Q400 deliveries as Alberta economy struggles

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In another possible blow to Bombardier Inc., WestJet Airlines Ltd. is in talks with the struggling company to slow down deliveries of the Q400 turboprops it has on order, part of a broader strategy to cope with Alberta’s deteriorating economy. Cross-border flights, reversed: With low loonie, more Americans flying out …

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Canada should boost foreign ownership of airlines, eliminate grain revenue cap, review says

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Foreigners should be allowed to own a greater portion of Canada’s airlines and a revenue cap on railways’ grain shipments should be eliminated, according to a sweeping review of Canada’s transportation industry tabled in Parliament Thursday. Led by David Emerson, a floor-crossing minister who served in both Paul Martin’s and …

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