Air Canada to cut jobs, planes, routes
Article Abstract:
Air Canada, an air transportation services provider headquartered in Montreal, Quebec, intends to displace an undisclosed number of employees as well as reduce the number of its flights, and fleet. The move is part of the efforts of the company to maintain its profitability in light of the projected decline in its revenues for 1998, according to Lamar Durrett, president and chief executive officer of the airline. The reorganization scheme was spurred by the firm's C$61 million in losses in the third quarter of 1998, coupled by a thirteen-day strike conducted by its pilots, impairing its growth potential.
Comment:
Is set to displace an undisclosed number of employees, number of flights, & its fleet
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Air Canada payload cut by strike
Article Abstract:
Air Canada, the Montreal, Canada-based airline, has reported that a 13-day pilots' strike in September 1998 has caused a 44% decline in volume compared to the same period in 1997. The airline said in a government filing that it flew only 1.2 billion revenue-passenger-miles (RPM) for the month. The strike had its greatest effects on overseas and US flights, where volume declined by 47.4% to 771 million RPM for the month. The overall effects of the strike will be minimal since the earlier months of 1998 were good for the airline. Volume for the year until the end of September 1998 declined by 0.3%.
Comment:
Reports that 13-day pilots' strike in September 1998 has caused 44% decline in volume compared to the same period in 1997
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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