As the industry looks ahead to 2023, most will be anticipating that the rapidly approaching new year will bring with it a full recovery.
However, there are already some economic headwinds threatening and the question that many are asking is whether those factors will present significant obstacles to the industry’s recovery.
And while recovery is, understandably, the top priority of everyone in the industry, the other question that arises is that of sustainability and whether the drive to recover will overshadow the need to do it sustainably.
For its 2023 Forecast, Canadian...
Air Canada will introduce new service between Montreal and Fort McMurray that will launch next June as part of its Canadian summer schedule.
For summer 2023, Air Canada is also restoring suspended services and increasing frequencies on popular routes across Canada, as the company augments its Canadian network following the pandemic.
Mark Galardo, Senior Vice President of Network Planning and Revenue Management at Air Canada, said: “As the country's flag carrier, Air Canada's increased Canadian summer schedule further reinforces our role in providing critical connectivity to...
Porter Airlines has unveiled a new economy air travel experience that challenges what every North American airline offers. Building on its distinct, longstanding regional service, Porter will elevate economy flying for everyone in its greatly expanding network.
Coinciding with the airline’s strategy to grow in markets throughout North America using new Embraer E195-E2 aircraft, as well as its existing De Havilland Dash 8-400 fleet, travellers will enjoy a new level of generosity and thoughtful service that is non-existent in economy air travel today.
The carrier’s existing...
WestJet has announced an agreement with Indigenous Tourism Alberta (ITA) to bolster support for Indigenous travel and tourism businesses and create meaningful employment opportunities for Indigenous Canadians as the airline grows its global presence.
The announcement was commemorated by an official signing of a memorandum of understanding at ITA's annual Gathering in the presence of more than 300 travel and tourism partners and government representatives on Treaty 6, Métis Region 4, Edmonton Alberta.
Angela Avery, WestJet Group Executive Vice-President and Chief People, Corporate...
Sunwing has launched its 12 Days of Giveaways event in which every client booking made between Dec. 5, 2022 and Dec. 16, 2022, will see agents automatically entered for the chance to win one of ten $250 Sunwing gift cards to put towards their future Sunwing travel, from flights to seat upgrades, excursions and more, plus the exclusive giveaway of one of two free vacations, including flights and accommodation, to Royalton Cayo Santa Maria or the brand-new Royalton Splash Riviera Cancun.
Samantha Taylor, Chief Marketing Officer at Sunwing, said: “The launch of our 12 Days of...
A new study by IATA and McKinsey & Company on profitability trends across the aviation value chain reveals that profitability varies widely by sector. It also shows that in aggregate, airlines underperform on the financial return that an investor would normally expect.
While there is no clear path to rapidly re-balance the value chain, the study concludes that there are some key areas -- including decarbonization and data-sharing -- where working together and burden-sharing will mutually benefit all value chain participants.
Highlights from the Understanding the Pandemic’s...
WestJet has unveiled details of its 2023 summer 787 Dreamliner routes from YYC Calgary International Airport, announcing Tokyo as its first destination in Asia.
It is also creating greater two-way tourism opportunities and increasing connectivity between Western Canada and Europe with new service between Calgary and Barcelona, Spain and Edinburgh, Scotland along with increased frequencies on existing European routes.
The announcement comes as WestJet prepares for broader expansion within Canada and North America over the coming months.
Positioned perfectly to...
It’s all about togetherness.
That’s the message in Air Canada’s newly launched, animated short film that stars a baby loon who gets separated from its family on the annual journey south for the winter but finds its way back to its loved ones in an unexpected way that is sure to give Canadians a ‘jolly’ surprise.
“Together for the Holidays” opens with the baby loon and its family soaring through the Canadian skies as a strong gust of wind pushes the protagonist out of its parents' path. However, all is not lost. With a safe landing in a whimsical new place, the baby...
IATA says that it is expecting the global airline industry to return to profitability in 2023 as airlines continue to cut losses stemming from the effects of the COVID-19 pandemic to their business in 2022.
The global airline industry notes that:
In 2023, airlines are expected to post a small net profit of $4.7 billion -- a 0.6% net profit margin. It is the first profit since 2019 when industry net profits were $26.4 billion (3.1% net profit margin).
In 2022, airline net losses are expected to be $6.9 billion (an improvement on the $9.7 billion loss for 2022 in IATA’s June...
Air Canada celebrated its inaugural flight to Bangkok from Vancouver International Airport (YVR) late last week.
Mark Galardo, Senior Vice President – Network Planning and Revenue Management at Air Canada, said: “We are thrilled to launch Air Canada's first non-stop service to Southeast Asia and the only non-stop flights between North America and Thailand. Bangkok is also one of the most visited destinations globally, and we have optimized connections to and from our trans-pacific hub at YVR to give customers convenient travel options to explore this exciting city renowned for...