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”