A 'perfect storm' of problems lies behind Air Canada's wave of flight delays over the summer, its CEO said, even as the country's largest airline roars back to profitability — with no sign of slowing down.
A"perfect storm" of problems lies behind Air Canada's wave of flight delays over the summer, its CEO said, even as the country's largest airline roars back to profitability — with no sign of slowing down.
"We have this almost perfect storm that exists at this point in time," Rousseau said."We're working hard with our partner, Jazz, on solving that problem right now … but it will take some time to transition." High demand propelled more than 11 million customers across Air Canada's routes in the quarter, Rousseau said. Analysts also noted higher ticket prices led to thicker profit margins. Passenger numbers grew 23 per cent year-over-year, while passenger revenues jumped 42 per cent — a disparity that speaks to the hike in fares.
The company ranked last among North America's 10 biggest airlines for on-time performance in July, according to a report by aviation data firm Cirium this week.
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