Air Canada has reported an 86% fall in total revenues of $757 million in the third quarter of 2020, with an operating loss of $785 million compared to operating income of $956 million in the third quarter of 2019. Air Canada has $8.189bn in unrestricted liquidity at September 30, 2020. Calin Rovinescu, President and Chief Executive Officer of Air Canada, said that the airline’s COVID-19 Mitigation and Recovery Plan is advancing and since March, the company has raised almost $6 billion in additional liquidity, eliminated 20,000 jobs and reduced capacity by more than 80% in the third quarter. The airline

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In