Air Canada profit target tough: analysts

Article Abstract:

Air Canada Inc may face several challenges in its bid to register a 10% profit margin by 2001, according to analysts. Douglas Port, senior vice- president of corporate affairs, said the company is prepared to overcome all hurdles even in light of rising fuel prices, recent wage settlements and a softening travel market in summer 1999. But analysts are predicting that Air Canada needs to cut staff or service and reach new deals with suppliers to meet its goal.

Scheduled Air Transportation, Scheduled Airlines, Air Canada

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Bombardier reports record profit

Article Abstract:

Transportation equipment maker Bombardier Inc of Montreal, Canada, has posted a record profit of C$554 million, or 77 cents per share, on revenue of C$11.5 billion for the year ended Jan 31, 1999, up by 32% and 35%, respectively. The company attributed the remarkable performance to improved sales of airplanes and trains, thus offsetting the C$45.5-million loss at its recreational products division.

Railroad Equipment, Railroad Rolling Stock Manufacturing, Railroad equipment industry, Bombardier Inc.

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