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Air Canada in red, cuts costs and reduces capacity
Ottawa, Canada - Losses for USD 8276 million in 2008
Net losses for USD 8276 million recorded by Air Canada in 2008: a gap of CND 1.03 bn, due to "The instability of fuel prices, the fluctuations of market and global economic climate". "An additional cut in costs for further CND 120 million and the reduction of capacity of 2,5-3,5% during the year" is urgent, according to Montie Brewer, airline's President and CEO. The hope is that in this year, besides...
fra/pec - 1099971
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency