logo
Union says 'nothing scheduled' with Air Canada as strike by flight attendants halts operations

Union says 'nothing scheduled' with Air Canada as strike by flight attendants halts operations

Yahooa day ago
The union representing Air Canada flight attendants says no talks are scheduled with the airline as a strike that began early Saturday led to the airline suspending operations.
The union and airline met late Friday night before 10,000 flight attendants walked off the job at 12:58 a.m. ET, Wesley Lesosky, president of the Air Canada component of the Canadian Union of Public Employees (CUPE), told a morning news conference.
Lesosky said their last meeting was Friday night, but Air Canada offered "nothing of substance" to bring back to members.
Asked when Canadians could expect to be back on flights, Lesosky said it's up to Air Canada, but that public pressure on the airline will make a "huge difference" in reaching a settlement.
CBC News has reached out to Air Canada for comment and will update this story with any response.
Jobs Minister Patty Hajdu also met with both the airline and union on Friday night.
"It is unacceptable that such little progress has been made. Canadians are counting on both parties to put forward their best efforts," Hajdu said on social media platform X.
Picket lines set up across Canada
All Air Canada and Air Canada Rouge flights are suspended for now. Around 130,000 customers will be affected each day the strike continues, said the airline.
Flights by Air Canada Express, which are operated by third-party airlines Jazz and PAL, are not affected.
"Air Canada deeply regrets the effect the strike is having on customers," it said in a brief statement early Saturday morning.
CUPE has set up picket lines at airports across Canada, including in Montreal, Toronto, Calgary and Vancouver. Striking flight attendants also plan to picket at airports in Halifax, Ottawa and Winnipeg.
In the meantime, passengers around the world are feeling the effects of the flight attendants' strike.
Keelin Pringnitz and her family are from Ottawa and were returning from a European vacation, but were left stranded after flights were cancelled.
"It was an end of my maternity leave kind of trip. We went to the Faroe Islands and Norway, travelling through Air Canada to London," Pringnitz said from London's Heathrow Airport.
She noted there was an option for travellers to go the U.S. but she and others were told there wouldn't be any further assistance once they landed in the U.S.
"It didn't go over well with the line. Nobody really seemed interested, everybody seemed a little bit amused almost at the suggestion, or exasperated, because it is a bit ridiculous to offer to take stranded passengers to a different country to strand them there."
For customers due to travel soon whose flights are not yet cancelled, Air Canada said it will allow them to rebook their travel or obtain a credit for future travel.
Sides at an impasse on pay
Air Canada and CUPE have been in contract talks for about eight months, but have yet to reach a tentative deal.
Both sides say they remain far apart on the issue of pay and the unpaid work flight attendants do when planes aren't in the air.
WATCH | Thousands of Air Canada flight attendants walk off the job:
The airline's latest offer included a 38 per cent increase in total compensation, including benefits and pensions over four years, that it said "would have made our flight attendants the best compensated in Canada."
But the union pushed back, saying the proposed 8 per cent raise in the first year didn't go far enough because of inflation.
Government intervention
Air Canada previously asked Hajdu to intervene by ordering the parties to enter a binding arbitration process — a power granted to the minister through Sec. 107 of the Canada Labour Code.
On Friday, Hajdu urged Air Canada and the union to get back to the negotiating table, suggesting she's not ready to intervene. The minister said the union has indicated many of its demands have been met, suggesting there is a path forward to a deal.
WATCH | The impact of the flight attendants' strike on travellers:
Hajdu had asked the union to respond to the company's request. CUPE indicated Friday it opposed arbitration, instead maintaining its desire to solve the impasse through bargaining.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

What Americans Said About Money In 1994 Still Rings Alarm Bells For Today's Crisis
What Americans Said About Money In 1994 Still Rings Alarm Bells For Today's Crisis

Yahoo

time13 minutes ago

  • Yahoo

What Americans Said About Money In 1994 Still Rings Alarm Bells For Today's Crisis

Thirty years before today's financial influencers started preaching about emergency funds and investment basics on TikTok, ordinary Americans were already sounding the alarm about the nation's broken relationship with money. A revealing street interview from 1994, captured by documentary filmmaker David Hoffman on his YouTube channel, shows that the financial challenges plaguing Americans today have deeper roots than many realize. The Great Spending Hangover In 1994, Americans were experiencing what experts called a 'major transition' from the 1980s' culture of excess. The previous decade had been characterized as a 'decade of spending,' where people routinely spent more than they saved, riding high on what were described as 'terrific' market returns that weren't expected to continue. Don't Miss: Would You Have Invested in eBay or Uber Early? The Same Backers Are Betting on Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — 'The 1990s are turning out to be a savings decade,' one expert observed, noting that Americans were finally beginning to save 'a significant portion of their income'—something they 'hadn't followed before.' This shift was seen as the beginning of a 'long term savings boom.' Sound familiar? Today's Americans are grappling with similar realizations about overspending, just with different triggers—pandemic-induced financial stress, inflation, and economic uncertainty rather than the end of an 80s bull market. America's Savings Rate: A Global Embarrassment The numbers from 1994 paint a stark picture that resonates today. The U.S. maintained a 'very low savings rate' of around 4%—described as 'abysmally low' compared with international peers. Swedish citizens kept one year's income in the bank, Canadians managed three months of expenses, Japan saved 25%-30% of income and China saved in the mid-30s. Financial experts criticized Americans as 'sloppy and lazy' with their spending, advocating for savings rates between 10%-20% annually. The diagnosis was brutal but accurate: Americans 'lived beyond their means.' Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can Fast forward to today, and the U.S. personal savings rate has fluctuated dramatically—spiking during the pandemic but generally remaining well below the levels financial advisors recommend for long-term stability. Retirement Reality Check: Then and Now Perhaps most prescient were 1994 Americans' concerns about retirement funding. They recognized that Social Security would 'not be enough' to support their desired lifestyle and understood they would 'have to have enough invested on their own' to retire comfortably. This realization drove increased interest in 401(k)s and IRAs as 'crucial investment vehicles for retirement'—a trend that has only intensified as traditional pension plans have largely disappeared and Social Security's long-term viability remains questionable. Timeless Investment Wisdom The investment advice shared in 1994 reads like a modern financial planning handbook. Americans understood that diversification was key to 'limiting risks' and should span different asset classes. They recognized that for long-term goals spanning 10, 15, 20, or 30 years, there was 'very little risk in stocks' because market 'dips will even out' and could represent buying opportunities. Most importantly, they grasped that trying to 'figure out the highs and the lows' of the market was 'virtually impossible'—a lesson many retail investors are still learning today amid meme stock frenzies and crypto Behavioral Trap That Never Changed Perhaps the most striking insight was the observation that people typically do the 'opposite' of what they should: buying more when prices rise (lower potential returns) and hesitating when prices fall (higher potential returns). This counter-intuitive behavior pattern remains one of the biggest obstacles to successful investing three decades later. The 1994 interviews reveal that while investment vehicles and technology have evolved dramatically, the fundamental challenges of saving, planning, and smart investing remain remarkably consistent. The Americans who recognized these truths 30 years ago were ahead of their time—and their insights remain more relevant than ever. Read Next: These five entrepreneurs are worth $223 billion – Image: Imagn Images Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article What Americans Said About Money In 1994 Still Rings Alarm Bells For Today's Crisis originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.

Citi Field casino has "a very good shot," but is still risky, New York state senator says
Citi Field casino has "a very good shot," but is still risky, New York state senator says

CBS News

time15 minutes ago

  • CBS News

Citi Field casino has "a very good shot," but is still risky, New York state senator says

The proposal to build a casino across from Citi Field in Queens may have the upper hand as New York narrows in on awarding three downstate casino licenses. State Sen. Brad Hoylman-Sigal, who opposes building a casino anywhere in New York City, said the plan led by New York Mets billionaire owner Steve Cohen has "a very good shot" at being approved, despite inherent risks. There have been no decisions on which casino bids will be awarded a license, but it stands to reason that two could go to Yonkers Raceway and Aqueduct in Queens, since both already have racinos. That would leave one license for a handful of new casino bids in the downstate region, mostly in New York City, including Coney Island, Times Square, Manhattan's East Side and Citi Field. Hoylman-Sigal appeared Sunday on CBS News New York's "The Point with Marcia Kramer." The current Democratic nominee for Manhattan borough president believes casinos do more harm than good to their surrounding areas, and he's especially against the Times Square and East Side bids. "If you want a casino in Manhattan, don't vote for Brad Hoylman-Sigal," he said, adding, "If you want to exacerbate the problem of quality of life in a neighborhood, drop a casino in the middle of that. Crime, traffic, addiction. Casinos feed on all of those societal problems." The New York City casino plans have all seen a degree of community opposition. Last week, several Broadway theaters lit up their marquees with the phrase "No Times Square Casino" during a community rally. But there's also support, since they stand to be major moneymakers. "In my opinion, [that's a] shortsighted way to raise revenue for the state, because look at the other side. Again, the problems that casinos bring to neighborhoods are well documented. Those cost the public purse a lot of money too," Hoylman-Sigal continued. "That said, if a community strongly embraces a casino in another borough, more power to them. I think the one at Citi Field has a very good shot after we amended a statute in Albany to allow that casino to go forward." The casino would be located in Citi Field's parking lot. Construction started on NYCFC's Etihad Park, the city's first soccer-specific stadium, across the street from the ballpark last year. While new casinos could help New York make up for lost revenue due to federal budget cuts without raising income taxes, Hoylman-Sigal said the state could consider other options, like taxing digital advertising revenue instead.

Air Canada suspends restart plans after flight attendants won't return to work
Air Canada suspends restart plans after flight attendants won't return to work

Boston Globe

time44 minutes ago

  • Boston Globe

Air Canada suspends restart plans after flight attendants won't return to work

'Our members are not going back to work,' Canadian Union of Public Employees national president Mark Hancock said outside Toronto's Pearson International Airport. 'We are saying no.' Advertisement The federal government didn't immediately provide comment on the union refusing to return to work. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Hancock said the 'whole process has been unfair' and said the union will challenge what it called an unconstitutional order. 'Air Canada has really refused to bargain with us and they refused to bargain with us because they knew this government would come in on their white horse and try and save the day,' he said. The country's largest airline had said early Sunday in a release that the first flights would resume later in the day but that it will take several days before its operations return to normal. It said some flights will be canceled over the next seven to 10 days until the schedule is stabilized. Advertisement Less than 12 hours after workers walked off the job, Federal Jobs Minister Patty Hajdu ordered the 10,000 flight attendants back to work, saying now is not the time to take risks with the economy and noting the unprecedented tariffs the U.S. has imposed on Canada. Hajdu referred the work stoppage to the Canada Industrial Relations Board. The airline said the CIRB has extended the term of the existing collective agreement until a new one is determined by the arbitrator. The shutdown of Canada's largest airline early Saturday was impacting about 130,000 people a day. Air Canada operates around 700 flights per day. Flight attendants walked off the job around 1 a.m. EDT on Saturday. Around the same time, Air Canada said it would begin locking flight attendants out of airports. The bitter contract fight escalated Friday as the union turned down Air Canada's prior request to enter into government-directed arbitration, which allows a third-party mediator to decide the terms of a new contract. Last year, the government forced the country's two major railroads into arbitration with their labor union during a work stoppage. The union for the rail workers is suing, arguing the government is removing a union's leverage in negotiations. The Business Council of Canada had urged the government to impose binding arbitration in this case, too. And the Canadian Chamber of Commerce welcomed the intervention. Hajdu maintained that her Liberal government is not anti-union, saying it is clear the two sides are at an impasse. Passengers whose flights are impacted will be eligible to request a full refund on the airline's website or mobile app, according to Air Canada. The airline said it would also offer alternative travel options through other Canadian and foreign airlines when possible. Still, it warned that it could not guarantee immediate rebooking because flights on other airlines are already full 'due to the summer travel peak.' Advertisement Air Canada and CUPE have been in contract talks for about eight months, but they have yet to reach a tentative deal. Both sides have said they remain far apart on the issue of pay and the unpaid work flight attendants do when planes aren't in the air. The airline's latest offer included a 38% increase in total compensation, including benefits and pensions, over four years, that it said 'would have made our flight attendants the best compensated in Canada.' But the union pushed back, saying the proposed 8% raise in the first year didn't go far enough because of inflation.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store