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Air Canada Absorbs 70% Revenue Loss Due to COVID-19

MIAMI – Air Canada (AC) reported total revenues of US$5,8bn in 2020 in its Annual Results report today, a drop of 70% from the prior year. Canada’s flag-carrier also reported an operating loss of US$3.776bn in 2020. Both declines have been blamed on COVID-19 and travel restrictions.

“[Today], we close the book on the bleakest year in the history of commercial aviation…” said Calin Rovinescu, President and CEO of Air Canada. “The catastrophic impact of COVID-19 and government-imposed travel restrictions and quarantines has been felt across our entire network, deeply affecting all of our stakeholders.”

The Montreal-based airline read more ⇒

Source:: “Airways Magazine”

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