Air Canada Flight Attendants to End Strike
The union said the tentative deal, reached after more than nine hours of talks with the help of a mediator, marked 'transformational change' for its members after disobeying two federal return-to-work orders. In a statement, the Canadian Union of Public Employees said that, 'unpaid work is over,' in reference to the issue of boarding pay that stuck out as a significant obstacle toward an agreement.
MSNBC to Change Its Name—and Lose the Peacock Logo
What It's Really Like to Support a Big Family on a Modest Income in America
SoftBank Invests $2 Billion in Intel as U.S. Considers Taking 10% Stake in Chip Maker
How an Obscure Firm Bet on the Trumps and Became Their Go-To Dealmaker
The Chili's Economy Is Here: What's Behind the Casual-Dining Boom
'When our rights were taken away, we stood strong, we fought back—and we secured a tentative agreement that our members can vote on,' said the union, also known as CUPE.
The deal marks the end of a contentious three-day strike that the Canada Industrial Relations Board categorized Monday as illegal. The union said Air Canada reached out Monday night to restart talks, hours after CUPE's national president Mark Hancock said his members would remain on strike and defy a directive from the Canada Industrial Relations Board to resume work at noon Eastern Time Monday.
Hancock said he was prepared to go to jail, as disobeying the labor board could result in fines and criminal charges that carry prison terms of up to five years. Canadian polling firms indicated that a majority of Canadians sympathized with the flight attendants' cause.
Air Canada said it would gradually restart its operations, with some flights taking off Tuesday evening. 'Restarting a major carrier like Air Canada is a complex undertaking,' Air Canada's President and Chief Executive Officer Michael Rousseau said, adding that it could take a week or more to return to full service. Air Canada declined to comment on the agreement until it had been ratified by the union membership.
A CUPE spokesman didn't respond to a request for comment about the terms of the agreement.
Before the strike, Air Canada executives said it had offered a roughly 40% increase in total compensation over a four-year period, while addressing the issue of boarding pay—or being paid for work done before takeoff. Air Canada added its offer would make its flight attendants the best compensated in the air-travel sector.
The union said the offer was inadequate, and alleged the company wasn't engaging in fulsome talks on pay because it was banking on the Canadian government to intervene and impose binding arbitration. Canada's Liberal government had intervened and imposed binding arbitration to end a simultaneous strike last summer involving the country's two major railroads. In the past year, Ottawa also intervened to bring an end to strikes at the country's major ports and the state-owned postal service.
About 12 hours after the start of the Air Canada strike, the Canadian government said it would impose binding arbitration, allowing the airline to resume operations shortly after. Air Canada originally looked to restart operations on Sunday, but canceled those plans after CUPE said it would defy the government order. Plans to restart late Monday were also suspended.
Before the strike, Air Canada had anticipated full-year adjusted earnings before interest, taxes, depreciation and amortization of between 3.2 billion Canadian dollars and C$3.6 billion, equivalent to $2.32 billion-$2.61 billion. Air Canada withdrew that guidance Monday as the labor disruption underscored the growing pressure on the airline to resolve staffing disputes that have become more frequent in the sector.
Write to Gareth Vipers at gareth.vipers@wsj.com and Paul Vieira at Paul.Vieira@wsj.com
TV-Station Owner Sinclair Proposes Merger With Tegna
European Trade Takes Fresh Tariff Hit as U.S. Exports Slump
Air Canada Flight Attendants Union to Disobey Second Back-to-Work Order
Starbucks Sets 2% Raises for Corporate Workers
How Crocs Conquered China
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
TJX shares rise as earnings beat drives upward guidance revision
-- The TJX Companies (NYSE:TJX), Inc. reported second-quarter earnings that exceeded analyst expectations, prompting the off-price retailer to raise its full-year profit outlook. Shares surged 3.8% following the announcement. The parent company of T.J. Maxx, Marshalls, and HomeGoods posted adjusted earnings per share of $1.10 for the second quarter, significantly above the analyst estimate of $1.01. Revenue reached $14.4 billion, surpassing the consensus expectation of $14.14 billion and representing a 7% increase from the same period last year. Comparable store sales grew 4% across the company's portfolio of stores. TJX's pretax profit margin came in at 11.4%, well above the company's plan and 0.5 percentage points higher than last year's second quarter. The company attributed the strong margin performance to favorable hedges, operational efficiencies, and the timing of certain expenses. "I am extremely pleased with our second quarter performance. Sales, pretax profit margin, and earnings per share were all above our plan," said Ernie Herrman, Chief Executive Officer and President of TJX. "Consumers were drawn to our excellent values and brands. Customer transactions were up at every division as we saw strong demand at each of our U.S. and international businesses." Looking ahead, TJX raised its full-year earnings guidance to $4.52-$4.57 per share, above the analyst consensus of $4.51. However, the company's third-quarter EPS guidance of $1.17-$1.19 fell short of the $1.22 analysts were expecting. TJX maintained its full-year comparable sales growth forecast of 3%. The company's inventory position increased 10% on a per-store basis compared to last year, which management described as reflecting "excellent buying opportunities" in the marketplace. During the quarter, TJX returned $1 billion to shareholders through $515 million in share repurchases and $474 million in dividends. All of TJX's divisions reported positive comparable sales growth, with TJX Canada leading at 9%, followed by TJX International and HomeGoods at 5% each, and Marmaxx at 3%. Related articles TJX shares rise as earnings beat drives upward guidance revision Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names Apollo economist warns: AI bubble now bigger than 1990s tech mania
Yahoo
22 minutes ago
- Yahoo
5 All-Time Best Pieces of Money Advice From Robert Kiyosaki — And 3 of the Worst
Facts are facts: Robert Kiyosaki's 'Rich Dad Poor Dad' has sold over 40 million copies and fundamentally changed how many think about money. But like any financial guru, his advice ranges from brilliant to potentially dangerous. Find Out: Read Next: Here's an honest look at his best insights and most problematic recommendations. 5 Best Pieces of Financial Advice From Robert Kiyosaki These tips are at the top and might be ones you should consider. Understand the Difference Between Assets and Liabilities 'An asset puts money in my pocket. A liability takes money out of my pocket.' This simple definition cuts through financial jargon and helps people focus on what actually builds wealth versus what drains it. Why it works: Understanding this difference is key to financial success. Kiyosaki explains that assets, like investments, generate income, while liabilities, like debt, take money away. This framework helps people make better purchasing decisions. Learn More: Focus on Financial Education 'A person can be highly educated, professionally successful, and financially illiterate.' Kiyosaki believes that schools don't teach money management, leaving even smart professionals struggling financially. Why it works: It's true that most of us don't learn to manage money in school. This explains how 'smart professionals' struggle financially their entire lives. Make Money Work for You, Not the Other Way Around 'The poor and the middle-class work for money. The rich have money work for them.' Instead of just trading time for money, wealthy people invest in assets that generate income. Why it works: This mindset shift moves people from active income (requiring constant work) to passive income (money working independently). Pay Yourself First Kiyosaki acknowledges this is a tough concept but encourages people to buy assets or save money before paying their bills. This ensures you're consistently building wealth rather than just covering expenses. Why it works: By consistently setting aside a portion of your income for investments, you ensure that you are steadily building wealth. Learn First, Then Invest 'Want to lose money fast? Simple: Invest in what you don't understand.' Kiyosaki warns against investing based on hot tips or trends without understanding the underlying asset. Why it works: Many people enter the market without a clear understanding of how it works. They may follow advice from friends, social media or financial news without doing their own research. 3 Worst Pieces of Financial Advice From Robert Kiyosaki These tips are ones you might want to avoid. All Debt Is 'Good Debt' If Used Right Kiyosaki teaches that thinking you need to get out of debt entirely will keep you poor. He promotes heavy use of leverage without adequately emphasizing the risks. Why it's dangerous: You're relying on the assets you purchase to continue generating income. If they stop doing that for any reason, you're on the hook for the entire debt payment, which you may not be able to afford. Extreme Predictions To Drive Investment Decisions 'I strongly believe, by 2035, that one Bitcoin will be over $1 million dollars. Gold will be $30k and silver $3,000 a coin.' He can make extreme predictions about economic collapse to promote his preferred investments. Why it's dangerous: It could be argued that Kiyosaki is a marketing expert who uses his X account to keep himself in the news. Boring topics like diversification don't capture public attention, doomsday predictions do. Generic Advice Without Specific Implementation The 'Rich Dad' book does a good job challenging conventional thinking of working for salary versus working toward building passive income. Beyond that initial advice, the books can be a bit generic on how to build the actual passive income. Why it's dangerous: To build wealth, people need specifics beyond 'have good debt' and 'make your money work for you.' While simple can be good, often more detailed advice is needed. Kiyosaki also will sometimes advise money-making and investment strategies that are simply too complicated for novices. As with any expert, it's best to throughly research his advice and seek second opinions before making any big money moves. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 8 Common Mistakes Retirees Make With Their Social Security Checks Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy This article originally appeared on 5 All-Time Best Pieces of Money Advice From Robert Kiyosaki — And 3 of the Worst Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
22 minutes ago
- Yahoo
Fresh Del Monte Wins 2025 Sustainability Award for Sustainable Leadership
This award honors those proving that purpose-driven strategy can fuel growth CORAL GABLES, Fla., August 20, 2025--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruit and vegetables, today announced the company has been named a winner in the 2025 Sustainability Awards, presented by the Business Intelligence Group. The global leader and industry innovator was recognized in the Sustainability Leadership group for its outstanding work in advancing environmental and social impact while delivering measurable business results. The Sustainability Awards honor the companies, products, projects, and individuals proving that purpose-driven strategy can fuel growth. Winners are selected by a panel of business-leader judges who evaluate performance, innovation, and quantifiable outcomes across environmental, social, and governance (ESG) pillars. "Sustainability has moved from aspiration to expectation," said Russ Fordyce, Chief Recognition Officer of the Business Intelligence Group. "The 2025 Sustainability Awards celebrate those who embed ESG at the core of their operations—turning climate action, circular design, and community impact into real competitive advantage. We're proud to recognize Fresh Del Monte for showing what's possible when profit and planet share the same roadmap." Fresh Del Monte was honored for its commitment to sustainable practices and creating a positive impact throughout its supply chain, ultimately leading to the company achieving its Scope 1 and 2 reduction targets seven years ahead of schedule as reported in its 2023 Sustainability Report. This achievement is the result of several forward-thinking initiatives that reflect the company's commitment to environmental impact. Key initiatives include modernizing its ocean fleet with six new fuel-efficient vessels, launching the Del Monte Zero® carbon-neutral pineapple, and implementing cutting-edge agriculture technology and software to monitor plant nutrient requirements, ultimately reducing nutrient runoff and associated emissions. "This recognition is a testament to the dedication of our teams across the globe," said Hans Sauter, Fresh Del Monte Chief Sustainability Officer and Senior Vice President of Corporate R&D and Agriculture. "While we're proud of what we've achieved, we know there is always more to be done—and we'll continue advancing sustainable practices that protect our planet and benefit the communities we serve." To learn more about the Sustainability Awards, visit About Business Intelligence Group The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike many industry award programs, these competitions are judged by seasoned business executives with real‑world experience. The organization's proprietary scoring system measures performance across multiple business domains and rewards companies whose achievements are significant and measurable. About Fresh Del Monte Fresh Del Monte Produce Inc. is one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared food in Europe, Africa, and the Middle East. Fresh Del Monte Produce Inc. markets its products worldwide under the DEL MONTE® brand (under license from Del Monte Foods, Inc.), a symbol of product innovation, quality, freshness, and reliability for over 135 years. The company also markets its products under the MANN® brand and other related trademarks. Fresh Del Monte Produce Inc. is not affiliated with certain other Del Monte companies around the world, including Del Monte Foods, Inc., the U.S. subsidiary of Del Monte Pacific Limited, Del Monte Canada, or Del Monte Asia Pte. Ltd. Fresh Del Monte Produce Inc. is the first global marketer of fruits and vegetables to commit to the "Science Based Targets" initiative. In 2022, 2023, and 2024, Fresh Del Monte Produce was ranked as one of "America's Most Trusted Companies" by Newsweek based on an independent survey rating companies on three different touchpoints, including customer trust, investor trust, and employee trust. The company was also named a Humankind 100 Company for two consecutive years by Humankind Investments, which recognizes companies that substantially impact areas such as access to food and clean water, healthcare, and digital services. Fresh Del Monte has also been awarded the SEAL Business Sustainability Awards four times in the last five years (2021, 2023, 2024, and 2025). Fresh Del Monte Produce Inc. is traded on the NYSE under the symbol FDP. View source version on Contacts Media Contacts: Havas Formulafreshdelmonte@ Claudia PouVice President, Global Head of Corporate Communicationscommunications@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
