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flag Air Canada cut its 2025 outlook after a strike caused $375M in losses and 3,200 flight cancellations.

flag Air Canada has lowered its 2025 financial outlook after a three-day flight attendant strike in August caused over 3,200 flight cancellations, resulting in an estimated $375 million loss in operating income and adjusted EBITDA. flag The disruption led to $430 million in revenue losses from refunds and reduced bookings, plus $90 million in extra costs for customer compensation, though $145 million in fuel savings helped offset some damage. flag The airline now forecasts adjusted EBITDA between $2.9 billion and $3.1 billion, down from its prior $3.2 billion to $3.6 billion range. flag For the third quarter, it expects operating income of $250 million to $300 million and a 2% decline in capacity. flag The strike ended August 19, and the flight attendants’ union rejected a wage deal, sending the dispute to mediation.

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