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Air Canada in trouble

FYI

Report in the Toronto Star today says that Air Canada may be seeking big layoffs to warn off protection from it’s creditors. Competition from no-frills carriers, potential fuel hikes (war with Iraq) and heavier than expected losses in the fourth quarter. However, apparently flight attendants have layoff protection until 2004/2005, which means protection may be unavoidable.

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By: A330Crazy - 24th January 2003 at 23:54

RE: Air Canada in trouble

A shame to hear that. Another major airline that could flop to the ground. United Airlines layed off 740 flight attendents today.

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