
Air Canada Cancels Flights Ahead of Possible Crippling Strike
While the immediate effect of the cancellations was limited, a complete shutdown of the airline would bring travel chaos to a country where vast distances leave few practical alternatives to flying. It would also disrupt a sizable chunk of international travel to or from the country.
Mark Nasr, the company's chief operations officer, told reporters on Thursday that 'several dozen' flights to overseas destinations scheduled for that evening had been canceled. The cancellations will be scaled up leading to a total shutdown of flights operated directly by the company by early Saturday morning, which would ground about 130,000 travelers a day.
'The impact that this is going to have on our customers is profound,' Mr. Nasr said at a news conference in Montreal. 'It's simply not the kind of system that we can start or stop at the push of a button. So in order to have a safe and orderly wind down, we need to begin now.'
Both Air Canada and the flight attendants' union have filed notices setting up the shutdown for just after midnight on Saturday morning: The union's said that it intended to strike, and the company's that it would lock out employees. Those steps followed apparently acrimonious negotiations that Air Canada unsuccessfully tried to resolve through government arbitration. The flight attendants are seeking improved wages and compensation for work they do before flights take off and after they land.
Air Canada is the dominant carrier in Canada and offers about 48 percent of available seat miles, the industry standard for measuring capacity, on domestic routes according to Cirium, an aviation data firm. Unlike its three major Canadian competitors, Air Canada has a wide network of international flights that reaches 65 countries.
Want all of The Times? Subscribe.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Jim Cramer Says Affirm is Going to $100
Affirm Holdings, Inc. (NASDAQ:AFRM) is one of the stocks Jim Cramer recently discussed. When a viewer called looking for confirmation of Cramer's bullish view on the company, he remarked: 'It's at $72, it's going to $100, okay? Now, I usually don't talk like that except for, I talk like that with Palantir. 72 goes to 100. I say get on board, Affirm. Yes, get on board. Affirm.' Photo by Yiorgos Ntrahas on Unsplash Affirm Holdings, Inc. (NASDAQ:AFRM) provides a payment platform offering point-of-sale financing, merchant commerce solutions, and a consumer app that enables purchases to be paid over time. Cramer commented on the stock in an April episode. He remarked: 'Well, I think the world of Affirm, but it's what I call an earnings stock. In other words, it doesn't really do anything, change direction until you add the earnings. Right now, the direction is down. When we see the company report on May 8th, I think that therefore we could change direction again because I think that there's no doubt Matt Levchin delivers good quarter after good quarter. But then in between, it trades down and you're dealing with that. I don't think it reverses until we get to May 8th.' Since the above comment, the company's stock price has gained over 100%. While we acknowledge the potential of AFRM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
an hour ago
- Yahoo
Jim Cramer on ServiceNow: 'It Would Not Be a Stock That I Would Want to Bet Against'
ServiceNow, Inc. (NYSE:NOW) is one of the stocks Jim Cramer recently discussed. A caller asked for short-term and long-term guidance for the stock. In response, Cramer said: 'Okay, ServiceNow short term is being hurt by a call out of Melius, and that's by Ben Reitzes, who was saying that these software as a service companies are going to be under pressure because their seat models can be hurt by AI. I think, longer term, ServiceNow has really good AI, and it would not be a stock that I would want to bet against. So, ServiceNow, longer term, I think is fine. Shorter term, I think it's going to be under pressure.' Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels ServiceNow, Inc. (NYSE:NOW) provides cloud-based workflow solutions through its AI-powered Now Platform. The company offers tools for automation, analytics, app development, and service management. Cramer discussed the company stock in a June episode as he stated: 'Alright, ServiceNow. Well, we love ServiceNow, okay? ServiceNow is, you know, we've got corporate software that also is AI, okay. It's enterprise software with AI.' While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
an hour ago
- Yahoo
Jim Cramer Says He is 'Very Upset' With Eli Lilly
Eli Lilly and Company (NYSE:LLY) is one of the stocks Jim Cramer recently discussed. When a caller inquired about the company during the lightning round, Cramer commented: 'Down here, I begin to think that we are too negative on it, but I am very upset with Lilly in the way they handled this, and I think they should come back on and talk to me because I'm running a drug trial. I would not have done what they did when I was running my drug trial. That's a private matter, but I can tell you about it. It's not the way they did it. I think they knew better. They shouldn't have done it the way they did.' Pixabay/Public Domain Eli Lilly and Company (NYSE:LLY) develops and markets pharmaceuticals for diabetes, obesity, cancer, autoimmune disorders, neurological conditions, and other health needs. The company's portfolio includes treatments that include endocrinology, oncology, immunology, neuroscience, and pain management. While we acknowledge the potential of LLY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio