HomeLoansAir Canada set to announce earnings amid industry turbulence

Air Canada set to announce earnings amid industry turbulence

For Canada’s airlines, the travellers — and revenue — are coming back after two and a half years of the global COVID-19 pandemic.

But the boom times? Not just yet.

The headlines are filled with air travel nightmares: cancelled flights, long lineups and lost baggage.

Throw in sky-high fuel costs and it’s not exactly smooth flying.

As Air Canada gets set to announce its second-quarter earnings Tuesday, many research analysts have trimmed their expectations, citing recent route cuts and higher fuel expenses. But just how bad are things? It depends on who you ask.

Longtime airline industry watcher Fred Lazar, a professor at York University’s Schulich School of Business, said the outlook for the county’s biggest air carrier is still murky.

“The fuel prices and the delays have really hurt them and I think we’re seeing that reflected in their share price,” said Lazar, noting…

Read more at www.thestar.com

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