WestJet Airlines Ltd.
Air Canada saw its third-quarter profit drop compared with a year ago amid rising fuel prices as operating revenue climbed 11 per cent
WestJet Airlines Ltd. reported a third-quarter profit of $45.9 million, down from a profit of $135.9 million in the same quarter last year amid rising fuel prices
WestJet is battling with Air Canada on several fronts.
Changes include cancelling winter flights between Ottawa and Edmonton that will resume next summer.
Overall demand for air travel remains strong with WestJet traffic up 6.2 per cent in the second quarter.
Uncertainty about a possible strike has cost the company 'tens of millions of dollars.'
WestJet warned on Tuesday that its bookings have slowed as passengers respond to the threat of a potential labour disruption from pilots who are trying to negotiate their first collective agreement.
Negotiations have been fraught as the union takes issue with the company's hiring of outside pilots for its new ultra-low cost carrier, Swoop.
New technologies like AI are essential as a doubling of global passengers over the next two decades strains air traffic control, airport and aircraft systems, according to data from the International…