Air Canada says higher fuel costs will hit margins

Air Canada is warning of lower margins in its current quarter as the airline deals with headwinds from higher fuel costs.

The airline said Friday that is expects its margins from its earnings before interest, taxes, depreciation, amortization and aircraft rent will be half what they were in the first three months of last year.

See Full Article



Advertisements

Latest Economic News

  • Oilpatch skeptical about Plan B for Trans Mountain

    Economic CBC News
    The federal government may have a Plan B, if Kinder Morgan pulls the plug on the Trans Mountain pipeline. But the energy sector is still waiting on Plan A to be unveiled. Ottawa believes another proponent could step forward if Kinder Morgan bails on Trans MountainOn a conference call with analysts, Kinder Morgan's chief executive Steve Kean said that there were no signs that the political roadblocks were going to be removed. Source
  • Oilpatch skeptical about backup plan for Trans Mountain

    Economic CBC News
    The federal government may have a Plan B, if Kinder Morgan pulls the plug on the Trans Mountain pipeline. But the energy sector is still waiting on Plan A to be unveiled. Ottawa believes another proponent could step forward if Kinder Morgan bails on Trans MountainOn a conference call with analysts, Kinder Morgan's chief executive Steve Kean said that there were no signs that the political roadblocks were going to be removed. Source
  • Marijuana sector firms get marketing pushback as legalization looms

    Economic CTV News
    TORONTO -- Some Canadian marijuana sector companies are getting pushback against their marketing efforts from social media platforms and government officials as legalization of recreational pot looms and regulations are not yet final. Lift & Co, which hosts industry events and offers cannabis education, has had its YouTube account suspended and Facebook ad account deactivated, with both companies citing a policy violation. Source
  • Southwest offers apology, travel voucher and cash to passengers on damaged jet

    Economic CTV News
    PHILADELPHIA -- Southwest is sending a letter of apology, a $5,000 check and a $1,000 travel voucher to passengers who were on a flight that made an emergency landing in Philadelphia following an engine explosion. Source
  • FAA orders more engine inspections after Southwest accident

    Economic CTV News
    The U.S. Federal Aviation Administration on Friday ordered ultrasound inspections of hundreds of jet engines like the one that blew apart at 32,000 feet in a deadly accident aboard a Southwest Airlines plane. The agency said the directive affects 352 engines on new-generation Boeing 737s, a twin-engine jet that is a workhorse of the aviation industry, used by airlines around the world. Source
  • Metis, Manitoba agree to 2-week 'reset' before heading to court in hydro spat

    Economic CTV News
    WINNIPEG - The Manitoba Metis Federation and the province have agreed to a two-week "reset" to avoid meeting in court over planned hydro projects. Metis federation president David Chartrand and Crown Services Minister Cliff Cullen had a private meeting to discuss a deal between the federation and Manitoba Hydro. Source
  • NAFTA talks continue through weekend as negotiators scramble for a deal

    Economic CBC News
    WASHINGTON — NAFTA negotiating teams will keep bargaining through the weekend in an effort to get a deal by early May. The political ministers leading the process are currently leaving Washington, but will be back next week. Source
  • Tim Hortons raises more than $800K for Humboldt with yellow and green doughnut

    Economic CTV News
    TORONTO -- Tim Hortons says the sale of a doughnut bearing the colours of the Humboldt Broncos has helped raise more than $800,000 for the junior hockey team that was involved in a horrific collision earlier this month. Source
  • Great-West Lifeco Inc. acquires strategic investment in Irish company

    Economic CTV News
    WINNIPEG -- Great-West Lifeco Inc. has signed a deal to acquire a strategic investment in Invesco Ltd. (Ireland), an employee benefit consulting and private wealth management firm. Financial terms of the deal done by Great-West's subsidiary Irish Life Group Ltd. Source
  • Are cures bad for the drug business?

    Economic CBC News
    This is an excerpt from Second Opinion, a weekly roundup of eclectic and under-the-radar health and medical science news emailed to subscribers every Saturday morning. If you haven't subscribed yet, you can do that by clicking here. "Is curing patients a sustainable business model?" Source