Canadian Air faulted for reaction to rival's strike

Article Abstract:

Canadian Air International Ltd of Calgary, Alberta, has posted a loss of C$150 million in the 4th qtr 1998 and a loss of C$137.6 million for 1998. The airline attributed the poor resuls to the slump in Japanese traffic, fierce competition in the domestic and West coast market, the declining value of the Canadian dollar and the sharp increase in airport fees. However, analysts believe that the loss was due to Canadian Air's effort to carry as many passengers as it could during the Air Canada strike. This resulted in higher revenues but also added costs extra costs for overtime, additional staff and maintenance.

Scheduled Airlines, Scheduled Air Transportation, Airlines, Canadian Air International Ltd.

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Loblaw sets 8th consecutive record

Article Abstract:

In 2000, supermarket company Loblaw Companies Ltd. earned sales that surpassed $20 billion for the first time. This is more than twice the revenue of 10 years ago. Meanwhile, profit pushed toward $500 million.

Grocery Stores, Supermarkets and Other Grocery (except Convenience) Stores, Finance, Grocery industry, Loblaw Companies Ltd.

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