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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Embrace the Gridlock (Hunter Field Editor's Note)
Tariffs. We’ve editorialized about them, as has just about every news publication in the U.S. We’ve had guests write op-eds about them, including today. We’ve reported on their impact so far. I’m growing more and more tired of reading and talking about them, but this really isn’t a column about tariffs. This is a column about the slow wheels of government. I start with tariffs because it offers a clear example of the peril of forgetting the meri…
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Total News Sources33
Leaning Left6Leaning Right3Center5Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 36%
R 21%
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