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Air Canada slashes 2025 forecast due to decreased U.S. travel, reports first-quarter loss.
Air Canada has reduced its 2025 financial forecast due to a decline in cross-border travel, especially to the U.S., with adjusted earnings now expected between $3.2 billion and $3.6 billion, down from $3.4 billion to $3.8 billion.
The airline reported a net loss of $102 million for the first quarter, compared to $81 million last year, and revenues dropped slightly to $5.20 billion.
Air Canada has cut flight capacity to the U.S. amid reduced demand, partly due to trade disputes and the strong Canadian dollar.
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Air Canada reduce su pronóstico para 2025 debido a la disminución de los viajes a los Estados Unidos, informa pérdidas del primer trimestre.