FlyerTalk Forums - View Single Post - Air Canada has 50/50 chance of survival: analyst

Apr 2, 2009 | 5:46 pm

#81

tcook052

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Another analysts prediction for AC:

http://uk.reuters.com/article/market...28721920090402

Air Canada needs to make sharp cuts in its aircraft fleet and operations, and probably cannot do that without filing for bankruptcy protection, an analyst warned on Thursday.

Canada's largest airline has spread it operations too thin, and should reduce its domestic routes by 57 percent and international routes by 53 percent, said Jacques Kavakian of Research Capital.

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