Air Canada CEO Calls For Halt To Spiralling Airport And Air Navigation Costs

5th Jun 1999

Air Canada President and Chief Executive Officer, R. Lamar Durrett, told shareholders today at the company`s annual general meeting in Calgary that the runaway growth in airport and air navigation costs must stop for airlines and travellers in Canada.
“Canada`s airlines are not in a financial position to absorb massive and unreasonable costs. Canada`s airlines, customers and shareholders simply cannot afford the increases levied year after year. I`m talking about $132 million in new fees in 1998 alone for Air Canada,” said R. Lamar Durrett.
“This spiralling cost is short-circuiting the ability of Canada`s airlines to operate profitably and short-changing shareholders. We`re not asking for a free ride, but we are asking for a fair ride. We want to see a reasonable level of fees in line with what Canada`s airlines and customers can reasonably sustain.
“Most of all we must be brought into the decision-making process by airport authorities and Navcan. Since 1997, airport and air navigation fees have doubled. It`s got to stop. And we will be taking that message to every airport authority and every level of government in 1999.”


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