Air Canada warns of quarterly loss in preliminary results
Apr 22, 2013, 7:33 am
#1
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Join Date: May 2002
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Air Canada warns of quarterly loss in preliminary results
http://www.theglobeandmail.com/repor...ticle11449914/
Air Canada estimates it will book a bigger operating loss in the first quarter as it releases preliminary results with a view to exploring debt-financing options.
Canada’s largest air carrier said on Monday it expects an operating loss of $106-million compared with an operating loss of $91-million in the first quarter of 2012.
Air Canada estimates it will book a bigger operating loss in the first quarter as it releases preliminary results with a view to exploring debt-financing options.
Canada’s largest air carrier said on Monday it expects an operating loss of $106-million compared with an operating loss of $91-million in the first quarter of 2012.
Apr 22, 2013, 8:01 am
#2
Join Date: Dec 2002
Posts: 7,995
What is this paragraph about?
In addition, Air Canada expects to record an impairment charge of $24 million related to Airbus A340-300 aircraft (none of which are operated by Air Canada) which is reflected in Air Canada's preliminary operating loss and net loss results.
In addition, Air Canada expects to record an impairment charge of $24 million related to Airbus A340-300 aircraft (none of which are operated by Air Canada) which is reflected in Air Canada's preliminary operating loss and net loss results.
Apr 22, 2013, 8:20 am
#4
Join Date: Mar 2005
Location: Ottawa, ON
Programs: AC*SE100K, AC*MM, Marriott Platinum Elite
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AC, it's simple. Charge a little more for Flex fare benefits if you want (e.g. full status miles, upgradeability). Charge us (a few) more upgrade credits if you want. But $800 extra one-way TPAC? Bye, we're flying United.
Apr 22, 2013, 8:26 am
#5
Join Date: Dec 2007
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Apr 22, 2013, 8:37 am
#6
Join Date: Dec 2007
Location: Body in Downtown YYZ, heart and mind elsewhere
Programs: UA 50K, refugee from AC E50K, Marriott Lifetime Plat
Posts: 5,131
At my company, 10 years ago we flew 100% AC / *A. This November though I saw tickets being booked on Emirates in J. Even just 2 - 3 years ago this wouldn't have happened; now it looks like it'll be the new norm. Interestingly as our corporate executive flyers are migrating away from AC, so too are the peons who now fly PD, WS and even DL.
Apr 22, 2013, 8:37 am
#7
Join Date: Feb 2005
Posts: 7,156
I read that item and had to laugh. Every business traveler I know is flying UA and other carriers more often now because of the Tango / Flex fare disparity. Booking AC used to be pretty automatic for all of us, but now we always shop around.
AC, it's simple. Charge a little more for Flex fare benefits if you want (e.g. full status miles, upgradeability). Charge us (a few) more upgrade credits if you want. But $800 extra one-way TPAC? Bye, we're flying United.
AC, it's simple. Charge a little more for Flex fare benefits if you want (e.g. full status miles, upgradeability). Charge us (a few) more upgrade credits if you want. But $800 extra one-way TPAC? Bye, we're flying United.
A month ago, I flew TPAC on CX Premium Economy for $200 cheaper than AC Flex.
Last edited by Clipper801; Apr 22, 2013 at 8:46 am
Apr 22, 2013, 8:49 am
#9
Join Date: Jun 1999
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Programs: ACSEMM QRGold SPGLifetimePlat FairmontPlat HyattD AMEXCenturion SerenaPlat TalkBoard Founding Member
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Per this page the original fleet of AC 343 have all been released to other airlines. I'm not sure about this, but it's possible that AC never actually sold the aircraft but rather leased them out. So (pure speculation here) it's possible that some of the leasors have not paid the final $24 mil of lease payments to AC or that the lease was structured in such a way that if conditions A & B happened then lease payments of $24 mil would not be due. In either case, AC would have to write off $24 mil of expected revenue.
Apr 22, 2013, 8:50 am
#10
Join Date: Feb 2005
Posts: 7,156
Honestly, cancelling of the light meal service on short haul Executive class is the most ridiculous "enhancements" lately.
Apr 22, 2013, 8:50 am
#11
Join Date: Jun 1999
Location: YVR
Programs: ACSEMM QRGold SPGLifetimePlat FairmontPlat HyattD AMEXCenturion SerenaPlat TalkBoard Founding Member
Posts: 8,963
Flew CX over AC recently (which is a very big move for me) and was blown away how much better the overall J experience was on CX.
AC is killing itself by a thousand cuts.
AC is killing itself by a thousand cuts.
Apr 22, 2013, 9:01 am
#12
Join Date: Feb 2005
Posts: 7,156
Apr 22, 2013, 9:21 am
#13
Join Date: Nov 2006
Location: YEG
Programs: AC SE100K
Posts: 698
I read that item and had to laugh. Every business traveler I know is flying UA and other carriers more often now because of the Tango / Flex fare disparity. Booking AC used to be pretty automatic for all of us, but now we always shop around.
AC, it's simple. Charge a little more for Flex fare benefits if you want (e.g. full status miles, upgradeability). Charge us (a few) more upgrade credits if you want. But $800 extra one-way TPAC? Bye, we're flying United.
AC, it's simple. Charge a little more for Flex fare benefits if you want (e.g. full status miles, upgradeability). Charge us (a few) more upgrade credits if you want. But $800 extra one-way TPAC? Bye, we're flying United.
Totally agree.. Booking my BKK/KUL/NRT trip right now via UA.. Bye bye AC!
Apr 22, 2013, 9:21 am
#14
Join Date: Dec 2010
Location: YYC
Programs: AC SE
Posts: 316
I read that item and had to laugh. Every business traveler I know is flying UA and other carriers more often now because of the Tango / Flex fare disparity. Booking AC used to be pretty automatic for all of us, but now we always shop around.
AC, it's simple. Charge a little more for Flex fare benefits if you want (e.g. full status miles, upgradeability). Charge us (a few) more upgrade credits if you want. But $800 extra one-way TPAC? Bye, we're flying United.
AC, it's simple. Charge a little more for Flex fare benefits if you want (e.g. full status miles, upgradeability). Charge us (a few) more upgrade credits if you want. But $800 extra one-way TPAC? Bye, we're flying United.
