What Happened
Canadian Carrier Sees No Demand Degradation Despite Fare Increases
Air Canada has suspended its full-year guidance due to uncertainty, but the airline is seeing no signs of demand degradation despite implementing multiple rounds of fare and fee increases to offset higher fuel costs. According to Chief Commercial Officer Mark Galardo, Air Canada was one of the first airlines to implement fare increases as the crisis unfolded. The airline’s strong demand strength was reported by Aviation Week.