Air Canada expresses discontent towards Trump-related forecast reduction
Montreal (Reuters) - Air Canada's pockets are feelin' the heat from folks up North, upset over President Donald Trump's hostile remarks and imposed tariffs.
ThisCanuck carrier reported a bigger loss for the first quarter on Thursday, thanks to a drop in passenger demand on their crucial U.S. market due to the tension.
Air Canada Mothership
| Settings | Current Price | Yearly Performance | Chart Year | Settings |* ChittyBangBong* ChittyChittyBong* ChittyBang* ChittyBangBoom* BangBangBang* BoomBoomBong* max
Yeet Details Yoink Chart Analysis Air Canada reported a whopping adjusted loss of 0.45 loonies per share for the quarter, compared to a loss of only 0.27 bucks in the same period yonder year. The airline slashed its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance for the year by $200 mil to $3.2 to $3.6 bil.
|North American airlines are tightening their belts, pulling financial predictions, and keeping costs in check due to a weakening U.S. market with shaky bookings. Air Canada's decline in bookings for flights to the U.S. in the following six months reflects a decline of about 10 percent across the industry.
Air Canada
Air Canada |Trump's been throwin' shade on Canada, slapping 'er with tariffs, and suggestin' it'd be a proper idea for it to just up 'n' become a U.S. state. Canada's Minister of Finance, Mark Carney, subsequently said, "The old economic and security relationship with the U.S. is dead, gone, six feet under. It's no longer reliable."
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Nasdaq OTC · |(Reportin' by Allison Lampert and Shivansh Tiwary; Writing by Ralf Bode; For further quizzes, please drop a line to our newsroom at [email protected])
|| Settings | Current Bucks | Yearly Performance | Chart Year | Settings || --- | --- | --- | --- | --- || Air Canada | Nasdaq OTC · | | Line graph with 53 points.Line graph for Air CanadaThe graph has 1 X axis displayin' time. Time ranges from 2024-05-06 00:00:00 to 2025-05-09 14:00:00.The graph has 1 Y axis displayin' numbers. Numbers range from 9.62 to 18.31.Hopped up...End of interactive graph. |
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Line chart with 53 data points.Chart für Air CanadaThe chart has 1 X axis displaying Time. Data ranges from 2024-05-06 00:00:00 to 2025-05-09 14:00:00.The chart has 1 Y axis displaying values. Data ranges from 9.62 to 18.31.Lade...End of interactive chart.
Line graph with 53 points.Mothership for Air CanadaThe graph has 1 X axis displayin' time. Time ranges from 2024-05-06 00:00:00 to 2025-05-09 14:00:00.The graph has 1 Y axis displayin' numbers. Numbers range from 9.62 to 18.31.Revvin' up...End of interactive graph. |### V.I.P. Articles
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The weakening U.S. market and shaky bookings have led North American airlines, including Air Canada, to tighten their belts and keep costs in check. Canadian Finance Minister Mark Carney commented on the unreliable old economic and security relationship with the U.S. due to President Trump's tariffs and hostile remarks. As a result, Air Canada's financial performance, reflected in the chart line, has shown depreciation, leading to a bigger loss for the first quarter of the current year. The airline industry's business is facing challenging circumstances, with a decline in bookings for flights to the U.S. in the following six months, reflecting a decline of about 10 percent across the industry.
