Category Archives: Transport
More CN layoffs only if business slows dramatically during second wave, says CEO
CN Rail may only have to consider another painful round of layoffs if COVID-19's second wave causes shipping volumes to drop dramatically again, its chief executive said Wednesday. "If the economy slows down we might have to have layoffs," Jean-Jacques...
Transat executives take a hit from reduced value of sale to Air Canada: proxy
MONTREAL — Nearly two dozen Transat A.T. executives and directors will see their proceeds from the company's sale to Air Canada drop following a dramatic reduction in the transaction's value. They will split about $13 million for the shares of Air
Transit lobby group says electrifying Canada’s bus fleets needs $3 billion a year
OTTAWA — A green-transit lobby group says electrifying Canada's fleet of public transit buses will take a lot more money than Prime Minister Justin Trudeau promised in his big infrastructure announcement last month. Trudeau's, three-year, $10 billion p...
Bains suggests Ottawa may draw on scorned federal loan program for airline bailout
OTTAWA — Innovation Minister Navdeep Bains says a federal loan program little-loved by industry will be among the options Ottawa weighs as it sits down with airline executives to negotiate a government aid package. The Large Employer Emergency Financin...
Air Canada shares up sharply on news of potential government aid, vaccine development
Air Canada shares surged more than 28 per cent Monday as news of a potential COVID-19 vaccine and government assistance for the industry eclipsed dismal third-quarter results brought about by global pandemic lockdowns.The Montreal-based airline said it...
Air Canada reports $685M third-quarter loss compared with $636M profit a year ago
MONTREAL — Air Canada reported a $685-million loss in its third quarter compared with a profit of $636 million in the same quarter last year as the number of people flying plunged due to the COVID-19 pandemic and related travel
Ottawa says federal support for airline industry contingent on refunding customers
OTTAWA — New federal support for Canada's pandemic-battered airline industry will be contingent on carriers providing refunds to passengers whose flights were cancelled, the government announced on Sunday. Transport Minister Marc Garneau laid out the r...
Airlines’ ‘bait-and-switch’ strategy lures customers to flights that never take off
OTTAWA — Rob Przybylski and Courtney Ross were slated to wrap up the month on a Costa Rican beach, sipping sugarcane cocktails with friends and family as they celebrated their wedding. Instead, the Oshawa, Ont., duo say they and their 84
Airlines failed to prepare adequately for new passenger rights charter: report
OTTAWA — Canada's transportation regulator says poor preparation by airlines for the new air passenger rights charter led to communication problems that frustrated travellers and denied some their proper compensation following flight delays or cancella...
Airlines failed to prepare adequately for new passenger rights charter: report
OTTAWA — Canada's transportation regulator says poor preparation by airlines for the new air passenger rights charter led to communication problems that frustrated travellers and denied some their proper compensation following flight delays or cancella...