Air Canada Posts $1 Billion Loss, CEO Calls for Easing Travel Restrictions

By Paul Riegler on 7 May 2021
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Air Canada announced financial results for first quarter of 2021.

The airline lost $1.05 billion ($863.6 million) in the period, compared to a loss of $433 million in the same period in 2020.

Revenue for the first three months totaled $729 billion, a decline of $2.993 billion or 80% compared to Q1 2020.

The airline’s executives said they assume current travel restrictions in Canada, which are far stricter that those in the United States will be eased by Q4.  Such action would allow travel patterns to move in the same or similar direction to those in the United States, where there has been a surge in travel demand following the speedy deployment of coronavirus vaccine which has resulted in significantly fewer new cases.

(Photo: Accura Media Group)

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