US EditionAir Canada lowers financial forecast as U.S. bookings fall sharply amid trade war
- Air Canada, based in Montreal, reported a net loss of $102 million for the quarter ending March 31, 2025, amid falling U.S. Bookings.
- This decline followed trade tensions and tariffs from the U.S., which caused Canadians to cancel trips and shift travel demand away from U.S. Routes.
- The airline cut flights by 10% to popular U.S. Destinations like Florida, Las Vegas, and Arizona while boosting service to Latin America and other international markets.
- On May 9, 2025, CEO Michael Rousseau highlighted that uncertainty dominated the year, while the airline projected its adjusted profits for 2025 to fall within a range of $3.2 billion to $3.6 billion.
- Despite the setbacks, Air Canada maintained its financial forecast and managed strong cost controls, suggesting resilience amid softer transborder traffic and a weaker Canadian dollar.
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24 Articles
24 Articles
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Left
4
Center
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Right
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Coverage Details
Total News Sources24
Leaning Left4Leaning Right1Center4Last UpdatedBias Distribution44% Left, 44% Center
Bias Distribution
- 44% of the sources lean Left, 44% of the sources are Center
44% Center
L 44%
C 44%
11%
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