"Air Canada tried to boost fares on domestic and transborder flights two or three times in the past three weeks, but none of the increases stuck because WestJet Airlines Ltd. kept its fares steady, Air Canada’s chief commercial officer Ben Smith said Tuesday."
http://www.theglobeandmail.com/repor...ticle16680738/
I seem to have missed the part where AC and WS lowered fares when the dollar strengthened.
“Until recently, it’s WestJet that has been holding back,” Mr. Smith said after a speech to the Canadian Club in Toronto by Calin Rovinescu, Air Canada’s CEO. “You had the whole industry raising fares – all U.S. carriers, ourselves – and they don’t stick because we [had] one holdout.”
Dont you just hate it when holdouts get in the way of a bunch of 'competitors' who want to uniformly raise prices together?