PPRuNe Forums - View Single Post - Why is Air Canada losing so much money and what can done about it?
Old 5th May 2009, 00:42
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ea340
 
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777AV8R you of are right it was 550 million but of course Max was looking after Max. The unions are an issue but in the end Cerberus drained the airline. Then there is the contracts. Cerberus had AC sign with Jazz and Aeroplan. This Friday AC releases the latest results . If AC goes down the GTAA will soon follow I suspect .Will become a political issue in Quebec and Ontario The GTAA is the most expensive airport in the world to oprerate out of no wonder Porter picked the Island. Narita is 2nd by a long margin about 60%. Correct me if I'am wrong but the GTAA is 26th or so by operations in the world .
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