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Air Canada Reports Third Quarter 2024 Financial Results

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Air Canada has released its financial results for the third quarter of 2024, reporting operating revenues of $6.1 billion, a 4% decrease compared to the same period in 2023. The airline achieved an operating income of $1.04 billion and an adjusted EBITDA of $1.523 billion, reflecting year-over-year declines of $375 million and $307 million, respectively.

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Air Canada to Boost Direct Flights to China Following Policy Shift

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Air Canada announced plans to increase its direct flights to China starting December 2024, following the Canadian government’s recent decision to lift restrictions on Chinese airlines’ flights to Canada. This policy shift, reversing a 2022 limit, paves the way for improved bilateral connectivity, aiming to bolster economic ties and ease travel for business and leisure…