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Air Canada posts $685-million loss, may cut 95 more routes amid ‘unprecedented’ COVID-19 impact

Carrier says it has cancelled orders for 10 Boeing 737-8s and 12 Canadian-made Airbus A220s

Air Canada lost $685-million in the third quarter as Canada’s largest airline saw passenger revenue fall by 88 per cent.

Air Canada said due to lack of travel demand and flight restrictions in the COVID-19 pandemic it has cancelled orders for 10 Boeing 737-8s and 12 Canadian-made Airbus A220s, accelerated the retirement of 79 planes, and deferred the delivery of new ones.

Air Canada flew 1.7 million people in the three months ending Sept. 30, compared with 14.6 million in the same quarter of 2019.

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“Today’s results reflect COVID-19′s unprecedented impact on our industry globally and on Air Canada in what has historically been our most productive and profitable quarter,” Air Canada said in a statement accompanying the results.

Air Canada has pulled out of eight regional airports and suspended 30 domestic routes to save money. It said on Monday it is set to cancel another 95 domestic, U.S. and international routes and close nine…

Eric Atkins

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