AC Provides Financial Update on COVID-19 (16Mar20); Long-term changes coming?
Mar 17, 2020, 12:36 am
#17
Join Date: May 2015
Location: Vancouver
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No idea. Given Boeing has not published details on the 797 probably not. What ever it is, look to be perfect timing for AC to have reached an agreement. If they were still negotiating today with everything going on am certain AC would have been in a weaker position.
Mar 17, 2020, 3:05 am
#18
Join Date: Jul 2008
Location: YVR
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Posts: 4,485
I hadn't heard that. I just knew we went from Stop-Turn-Stop to just Stop-Turn. They had sent out that whole policy update and I never recalled anything saying they'd be bringing it back. Seemed like a pretty easy cut that would suck for a lot of people but not ruin the value of the program entirely. Also the whole "not being able to pick your flights" or "maybe being able to pick your flights" thing isn't a cut per se, but it's kind of a joke.
Mar 17, 2020, 5:18 am
#19
Join Date: Mar 2010
Posts: 614
Over the last 2 months I've had 3 different agents confirm for me that it is gone for good and won't be coming back.
Mar 17, 2020, 6:22 am
#21
Suspended
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Air Canada Selects Boeing 737 MAX to Renew Mainline Narrowbody Fleet
Also, I recall discussions in the MAX thread and elsewhere, where some wondered if AC would order new / other aircraft from Boeing, like the 777X or even aircraft from Airbus. Answers were posted for both questions.
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Last edited by 24left; Mar 17, 2020 at 6:49 am Reason: Add info
Mar 17, 2020, 6:41 am
#22
Join Date: Jul 2008
Location: YVR
Programs: OZ Diamond, Jiffypark Manhattan Gold
Posts: 4,485
I think we can all assume that won't happen. I hate to be the pessimist but bailouts end up paying for bonuses and cutbacks just like anything else. Air Canada has been hiring anyone and everyone for ramp operations for a year now, watch them lay off a bunch of bottom guys...it stinks, but that's just the way capitalism works it seems.
Mar 17, 2020, 6:46 am
#23
Join Date: Jun 2010
Location: YYG
Programs: airlines and hotels and rental cars - oh my!
Posts: 3,000
I don't know that the present situation would have any bearing on AC's position. In view of global events, Boeing's prospects of selling more planes has not increased.
Mar 17, 2020, 7:50 am
#24
Join Date: Mar 2014
Location: Canada
Programs: AC SE100k, Marriott Titanium Elite, Accor Platinum, National Executive Elite
Posts: 349
How much does one read into this:
According to CAPA Centre for Aviation, a consultancy, most airlines in the world will be bankrupt by the end of May unless governments intervene. "Coordinated government and industry action is needed — now — if catastrophe is to be avoided," the firm said in a report publishedMonday. "Cash reserves are running down quickly as fleets are grounded, and what flights there are operate much less than half full," it added.
https://www.cnn.com/2020/03/16/busin...uts/index.html
According to CAPA Centre for Aviation, a consultancy, most airlines in the world will be bankrupt by the end of May unless governments intervene. "Coordinated government and industry action is needed — now — if catastrophe is to be avoided," the firm said in a report publishedMonday. "Cash reserves are running down quickly as fleets are grounded, and what flights there are operate much less than half full," it added.
https://www.cnn.com/2020/03/16/busin...uts/index.html
Mar 17, 2020, 8:02 am
#25
Join Date: Feb 2011
Programs: BA blue,, aeroplan 25K
Posts: 1,028
WestJet has suspended all transborder and international flights for 30 days starting March 23
Air Canada I’m sure will follow once it has things organized : this has to have a massive impact. And with all the flight credits on the books that will have to be used by Dec 31 unless that’s pushed back, it’s going to be a new world when flights do resume.
Air Canada I’m sure will follow once it has things organized : this has to have a massive impact. And with all the flight credits on the books that will have to be used by Dec 31 unless that’s pushed back, it’s going to be a new world when flights do resume.
Mar 17, 2020, 8:28 am
#26
Join Date: Mar 2019
Programs: Aeroplan
Posts: 91
should people also expect free meals at restaurants that get helped out? Government is likely going to have to support business across a swath of industries and the outcome of that won’t be that they have to limit their future revenue potential in recovery
Mar 17, 2020, 9:43 am
#28
A FlyerTalk Posting Legend
Join Date: Sep 2012
Location: SFO
Programs: AC SE MM, BA Gold, SQ Silver, Bonvoy Tit LTG, Hyatt Glob, HH Diamond
Posts: 44,353
I hadn't heard that. I just knew we went from Stop-Turn-Stop to just Stop-Turn. They had sent out that whole policy update and I never recalled anything saying they'd be bringing it back. Seemed like a pretty easy cut that would suck for a lot of people but not ruin the value of the program entirely. Also the whole "not being able to pick your flights" or "maybe being able to pick your flights" thing isn't a cut per se, but it's kind of a joke.
...we’re temporarily suspending two features of the Aeroplan Program later this year...
...Beginning September 1, 2019, members can continue to make Flight Reward bookings to multiple cities, but will be limited to a maximum of one stopover or one open jaw, in addition to the point-of-turnaround...
...Beginning September 1, 2019, members can continue to make Flight Reward bookings to multiple cities, but will be limited to a maximum of one stopover or one open jaw, in addition to the point-of-turnaround...
Mar 17, 2020, 9:48 am
#29
FlyerTalk Evangelist
Join Date: Jun 2003
Location: YYC
Posts: 23,808
I’m now sitting on an excess of $12k in AC flight credits + more with other carriers. My schedule allows advance booking months ahead so get excellent P / N fares for my clients.
This credit should cover good chunk of my summer/Fall flying, assuming resumption by June. Although change fees & fare differentials are add-ons.
So How much of these future flight credits are embedded in current AC financials? And I’m not keen on breakage.
Or do I become an AC creditor in bankruptcy?
For those with a crystal ball in the airline finance world, your views please?
This credit should cover good chunk of my summer/Fall flying, assuming resumption by June. Although change fees & fare differentials are add-ons.
So How much of these future flight credits are embedded in current AC financials? And I’m not keen on breakage.
Or do I become an AC creditor in bankruptcy?
For those with a crystal ball in the airline finance world, your views please?
1. Yes, I would think you would become a creditor. However,
2. If you paid by credit card for these tickets, I also would think credit cards would refund and debit the airline's account if the purchase did not become effective.
I am sitting on around $14k already paid to AC for further travel, but with less than $2k in May, and remainder with a bit in June and then July to Augiust. Expecting the May and part of June flying to be cancelled, but hoping the remainder still goes. Mostly P except one domestic trip upgraded latitude. About 70k AQMs.
Mar 17, 2020, 11:18 am
#30
Join Date: Feb 2020
Posts: 1,204
Perhaps cheaper meals fir a few months? I wouldn't want my tax dollars to go to a company that will nickel and dime and treat me like cattle in the future.