IATA released its latest financial outlook for the global airline industry showing a halving of profitability as a result of war-related Middle East disruptions and high fuel prices.
The regional landscape, however, is highly differentiated. At the geographic centre of the Middle East war, airlines in the Middle East are expected to collectively fall into the red with weak demand and operational disruptions.
All other regions are expected to deliver profits, but at reduced levels from previous projections.
Highlights include:
Airlines are expected to achieve a combined total...
Air Canada and Abra Group have signed a Memorandum of Understanding (MoU) to develop a broad, long-term strategic partnership. The agreement between the two companies would enable the partners to expand their global reach, providing customers and shippers greater connectivity across North, Central and South America and beyond.
Any final agreement is subject to final documentation and regulatory approval.
Mark Galardo, Executive Vice President and Chief Commercial Officer, and President of Cargo at Air Canada, said that: “Air Canada and Abra Group are building the foundations for...
Air Transat is announcing an enhancement to the flexibility conditions applicable to its Eco Standard and Club Standard fares for a limited time.
For any Eco Standard or Club Standard booking made between June 5 and September 1, 2026, customers can benefit from no change fees, as well as the option to cancel without penalty in exchange for a travel credit valid for 12 months from the originally scheduled return date.
This offer applies to travel between June 5 and Sept. 8, 2026.
This enhancement reinforces Air Transat’s commitment to offering simple, flexible travel solutions...
Air Transat has announced a new interline partnership with Iberia, further expanding its footprint in Spain and enhancing travel options for its customers.
Through the new agreement, Air Transat passengers can now connect via Madrid (MAD) to over 20 popular destinations including Palma de Mallorca (PMI), Ibiza (IBZ), Tenerife (TFN and TFS) and Alicante (ALC).
Sebastian Ponce, Chief Revenue Officer at Transat, said that: “Spain is one of Air Transat’s most important international markets, and we are proud to be the airline offering the widest range of Spanish destinations from...
The Chicago Department of Aviation and Air Canada celebrated the launch of the carrier’s first-ever route from O’Hare International Airport to Billy Bishop Toronto City Airport yesterday.
CDA Commissioner Michael J. McMurray said: “On behalf of Mayor Brandon Johnson and the entire City of Chicago, I’m honoured to welcome the historic launch of O’Hare’s first-ever service to Billy Bishop Toronto City Airport. This new service underscores O’Hare’s world-class connectivity and provides a convenient, nonstop link for Chicagoans to access the heart of Canada’s most...
BermudAir is taking off with weekly nonstop service from Toronto to Turks and Caicos Islands, with continuing service to Anguilla, beginning this winter. Flights will go on sale on June 5.
The new route will connect Canadian travellers to "two of the Caribbean’s most sought-after luxury destinations, celebrated for their pristine beaches, boutique resorts, world-class hospitality, and exclusive island atmosphere," the airline says.
The seasonal routes will operate on Saturdays from Dec. 19 through May 1, 2027. Flights -- which are subject to government approval -- will depart...
Flair Airlines has named Captain Matthew Kunz as Chief Operating Officer (COO).
Len Corrado, CEO of Flair Airlines, said: “Matthew has been with Flair Airlines for more than eight years and has played a key role in our growth. He is a respected leader with an unwavering commitment to operational excellence. As we continue to grow, Captain Kunz's leadership will help ensure we remain focused on delivering for our customers and connecting Canadians to the people and moments that matter most.”
During his tenure, Captain Matthew Kunz has served in several senior leadership...
Turkish Airlines has announced a significant expansion of its Canadian operations starting in July 2026.
Türkiye’s flag carrier will add additional frequencies on its routes connecting Toronto Pearson International Airport (YYZ), Vancouver International Airport (YVR), and Montréal-Trudeau International Airport (YUL) to Istanbul Airport (IST), offering Canadian travellers more options than ever to reach Türkiye and beyond through its unparalleled network.
With the new schedule additions, Turkish Airlines will offer 7 weekly flights from Toronto (YYZ), 4 weekly flights from...
Air Transat is launching a new non-stop route between Montreal (YUL) and Istanbul (IST) that begins Oct. 29, 2026. Operated year-round on an Airbus A330, the service will run twice weekly, on Tuesdays and Thursdays.
Sebastian Ponce, Chief Revenue Officer at Transat, said that: “Expanding our program from our hometown is great news for Quebecers and the local business community.”
And Ponce continued: “Through our partnership with Turkish Airlines, Istanbul becomes much more than a destination, it’s a gateway to one of the most diverse global networks, spanning the Middle...
Over the past 30 years, WestJet has grown significantly from three aircraft and five destinations to expanding into transatlantic routes and adding service to the likes Cardiff and São Paulo, as well as incorporating Dreamliners into its fleet.
While a lot has changed, Andrei Losinski, Account Manager, Agency Sales, told a packed room yesterday at its second annual Agency Summit in Toronto that one thing that hasn’t changed is its focus on people, including travel advisors.
“We’re flying from Tokyo to Calgary. We’ve come a long way and a lot has changed, but while a lot...