
Air Canada starts canceling flights ahead of work stoppage that could impact hundreds of thousands
A complete shutdown of the country's largest airline threatens to impact about 130,000 people a day.
The union representing around 10,000 Air Canada flight attendants issued a 72-hour strike notice Wednesday. In response, the airline issued a lockout notice.
Mark Nasr, Chief Operations Officer for Air Canada, said the airline has begun a gradual suspension of Air Canada and Air Canada Rouge operations.
'All flights will be paused by Saturday early morning,' he said.
Nasr said this approach will help facilitate an orderly restart 'which under the best circumstances will take a full week to complete.'
He said a first set of cancellations involving several dozen flights will impact long-haul overseas flights that were due to depart Thursday night. 'By tomorrow evening we expect to have cancelled flights affecting over 100,000 customers,' Nasr said. 'By the time we get to 1 a.m. on Saturday morning we will be completely grounded.'
He said a grounding will affect 25,000 Canadians a day abroad who may become stranded. They expect 500 flights to be cancelled by the end of Friday.
He said customers whose flights are cancelled will be eligible for a full refund, and it has also made arrangements with other Canadian and foreign carriers to provide alternative travel options 'to the extent possible.'
Arielle Meloul-Wechsler, head of human resources for Air Canada, said their latest offer includes a 38% increase in total compensation including benefits and pensions over four years.
The union has said its main sticking points revolve around what it calls flight attendants' 'poverty wages' and unpaid labor when planes aren't in the air.
'Despite our best efforts, Air Canada refused to address our core issues,' the union said in a bargaining update posted online.
The union rejected a proposal from the airline to enter a binding arbitration process, saying it prefers to negotiate a deal that its members can then vote on.
Meloul-Wechsler said they've hit an impasse but are still available for talks and consensual arbitration.
She said that if a deal isn't reached, the resulting 'very serious disruptions' would prompt the company to consider asking for government intervention.
Some flight attendants at the airline's news conference on Thursday held up signs that read 'Unpaid work won't fly" and "Poverty wages = UnCanadian."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
13 minutes ago
- Reuters
Fitch cuts Spirit Airlines' rating further into junk territory
Aug 15 (Reuters) - Fitch Ratings on Friday downgraded Spirit Airlines (FLYY.A), opens new tab long-term credit rating to 'CCC-' from 'CCC+', citing a high likelihood of near-term default. "The downgrade reflects the heightened possibility that Spirit may be unable to avoid a default given its ongoing operating losses and declining liquidity," Fitch said in its report. The move follows Spirit's warning earlier this week about 'going concern' risks, just months after the carrier emerged from bankruptcy. The airline's operations have been strained by weak domestic demand and shrinking cash reserves. In its quarterly report Monday, Spirit said elevated domestic capacity and softer leisure travel demand in the second quarter have created a tough pricing environment, further pressuring results.


Reuters
13 minutes ago
- Reuters
Winklevoss twins' Gemini reveals lower revenue and wider loss in US IPO filing
Aug 15 (Reuters) - Gemini's revenue fell and losses widened in the first half of 2025, the cryptocurrency exchange said in a U.S. IPO filing, joining a wave of digital-asset firms seeking to tap public markets. Terms of the offering were not disclosed in the filing, made public on Friday. The company reported a net loss of $282.5 million on a total revenue of $68.6 million in the six months ended June 30, compared with a net loss of $41.4 million on a revenue of $74.3 million year earlier. U.S. IPO activity has rebounded in recent months following a slowdown earlier this year caused by uncertainty over trade policy changes, with several new listings drawing strong investor demand. Digital asset companies have also featured prominently in the IPO market in recent months, including blockbuster debuts from stablecoin issuer Circle (CRCL.N), opens new tab and cryptocurrency exchange Bullish (BLSH.N), opens new tab. Bullish's debut on Wednesday made it the second listed cryptocurrency exchange in the country after Coinbase Global (COIN.O), opens new tab. Gemini will become the third public crypto exchange once it goes public. "The question for investors regarding Gemini revolves around the business mix and moat of trading versus custody, how they differentiate on trust and growth, and what they do that Coinbase can't copy by Tuesday," said Michael Ashley Schulman, partner and CIO at Running Point Capital. Gemini said it will use IPO proceeds for general corporate purposes and to repay all or part of its third-party debt. The exchange also supports stablecoins on its platform, a segment that has drawn attention following last month's signing of the GENIUS Act, a new U.S. law establishing a regulatory framework for stablecoins. Gemini issues the Gemini Dollar (GUSD), a stablecoin pegged 1:1 to the U.S. dollar. The company, which also supports more than 70 cryptocurrencies and operates in over 60 countries, confidentially filed for an IPO in June. Gemini, which was founded in 2014 by billionaire twins Tyler and Cameron Winklevoss, plans to list on Nasdaq under the ticker symbol "GEMI." Goldman Sachs and Citigroup are acting as lead bookrunners. The Winklevoss twins rose to prominence after suing Facebook (META.O), opens new tab, and its CEO Mark Zuckerberg, alleging he stole their idea for the social network. They settled in 2008 for cash and Facebook stock. Regulatory clarity under the Trump administration, rising institutional adoption, and increasing ETF inflows have bolstered investor confidence and helped integrate crypto into mainstream finance. In a watershed moment for the industry, Coinbase became the first blockchain-focused company to join the S&P 500 earlier this year. Block (XYZ.N), opens new tab, which facilitates bitcoin purchases, joined the index in July. The shift marks a turnaround for an industry that spent more than a decade under heavy regulatory scrutiny worldwide. "We've seen a shift from speculation to sustainability. Institutional investors are looking for proof points - real clients, regulated products, and long-term market alignment. This is how the sector matures, and it will likely set the stage for other crypto firms keen to list their shares," said Nick Jones, founder of crypto firm Zumo.


Reuters
34 minutes ago
- Reuters
NLRB official warns states against moving to regulate labor relations
Aug 15 (Reuters) - A top U.S. National Labor Relations Board official on Friday said proposals in at least three states to regulate private-sector labor relations when the federal board does not have enough members to issue decisions are likely invalid. NLRB Acting General Counsel William Cowen in a statement, opens new tab said state efforts to oversee private-sector labor disputes would be preempted by the National Labor Relations Act, which gives the NLRB exclusive nationwide jurisdiction. Cowen also said the current lack of a quorum at the five-member board, triggered by President Donald Trump's unprecedented firing of Democrat Gwynne Wilcox in January, has had little impact on the agency's operations. Hundreds of cases are pending at the board, which has not issued any decisions since March when Wilcox was briefly reinstated by a federal judge. Cowen, a career NLRB lawyer, was appointed acting general counsel after Trump also fired General Counsel Jennifer Abruzzo, an appointee of President Joe Biden. Lawmakers in New York passed a bill, opens new tab in June to allow a board that hears labor disputes involving state workers to also take up private-sector cases when the NLRB cannot "successfully assert jurisdiction." The bill is under review by Governor Kathy Hochul, a Democrat who has been a vocal critic of Trump but has not said whether she supports the proposal. Similar bills are under consideration in California, opens new tab and Massachusetts, opens new tab. The U.S. Supreme Court in the 1959 case San Diego Building Trades Council v. Garmon held that state and local governments cannot regulate conduct that is protected or prohibited by the NLRA. But the sponsors of the state bills and supporters of the proposals say they are necessary to ensure that workers' labor rights are protected when the NLRB is paralyzed. Without a quorum, the board cannot rule in cases alleging illegal labor practices or issue new interpretations of federal labor law. But Cowen on Friday said the vast majority of NLRB cases never reach the five-member board. In 2024, only about 40% of complaints filed with the board were found to have merit, and more than 96% of those cases settled, Cowen said. Cowen said he was confident that once the board has a quorum it will be able to quickly clear the backlog created after Wilcox was removed. Trump last month nominated a career NLRB staffer and the chief labor counsel at Boeing to fill vacancies on the board. Read more: Trump paralyzes US labor board by firing Democratic member Trump nominates two lawyers to seal Republican control of US labor board US Supreme Court lets Trump keep labor board members sidelined for now Trump taps veteran NLRB lawyer as acting GC after removing Biden appointee