Air Canada has reported second quarter EBITDA of $916, up from the figure of $739 million reported last year. At the same time, the carrier reported adjusted net income of $240 million or $0.88 per diluted share in the second quarter.
Air Canada and Transat have concluded a definitive arrangement agreement that provides for flag-carrier’s acquisition of all issued and outstanding shares in the private carrier. The value of the all-cash transaction is approximately $520 million.
The flag-carrier hopes the proposed transaction, valued at approximately $13 per share, will create a Montreal-based global travel services company in leisure, tourism and travel distribution.
Air Canada has announced the introduction of new seasonal Montreal-Bordeaux service between June 15th and September 15th next year. Flights will operate four days a week with Boeing 737 MAX 8 and are timed to optimise connectivity to Air Canada’s North American network.
Air Canada has announced Alipay and WeChat Pay are now payment choices available when booking on the carrier’s North American and Hong Kong websites.
Air Canada has unveiled the new Air Canada Signature Suite for its top international business customers at its Toronto Pearson global hub.
Air Canada has announced the strategic expansion of its international network from Vancouver. Launching new services in June 2018 to Paris and Zurich and increasing its London-Heathrow service with twice-daily flights for summer 2018.
Air Canada Rouge has launched its new seasonal non-stop service from London Gatwick to Vancouver. Air Canada Rouge is Air Canada’s leisure airline and will operate three services a week to Air Canada’s Vancouver hub, Vancouver International Airport, until October.
Air Canada is planning to launch its own loyalty program in 2020 upon the expiry of its commercial agreement with Aimia, the operator of Aeroplan. Effective June of that year, Aeroplan will no longer be the loyalty program for Air Canada.