Trends - Air Canada - Business Recorder

Air Canada

Air Canada to increase China flights as Canada lifts restrictions

HONG KONG: Air Canada will increase direct flights between China and Canada from December, the news arm of China’s...

Published 30 Oct, 2024 10:18am

Business & Finance

Air Canada reaches agreement with pilot union, averting strike

Air Canada said early on Sunday it had reached a tentative agreement with its pilot union over a new four-year...

Published 15 Sep, 2024 10:00am

Business & Finance

Air Canada to buy 18 Boeing 787 jets

Air Canada said on Monday it had signed an agreement with Boeing to buy 18 widebody 787 Dreamliner jets, as the...

Published 25 Sep, 2023 06:48pm

Business & Finance

Air Canada plans major flight cancellations this summer

MONTREAL: Air Canada, the nation’s largest carrier, announced Wednesday major flight cuts for this summer amid high...

Published 30 Jun, 2022 11:37am

Business & Finance

Air Canada to pay $4.5mn settlement to Washington over refund delays

NEW YORK: Air Canada has agreed to pay a $4.5 million settlement with the US government over delays in reimbursing...

Published 23 Nov, 2021 09:46am

Business & Finance

Air Canada reports a wider loss as COVID-19 restrictions limit travel

Once that happens, they said travel patterns should be similar to those in the United States, where a fast vaccine rollout and falling numbers of COVID-19 cases have driven a surge in travel demand.
Canada's largest carrier reported a loss of C$1.30 billion, compared with C$1.05 billion. Its shares rose 1.3% in early trading.

Published 07 May, 2021 08:08pm

Business & Finance

Canadian tour operator Transat secures C$700mn in government funding

The news comes barely a day after Reuters reported that Transat was close to reaching a financial aid deal with the federal government involving a loan.
Transat said it would use C$390 million to support the company's liquidity needs until its business has recovered enough to generate cash and the rest to reimburse travelers.

Published 29 Apr, 2021 06:32pm

Markets

Air Canada shares fall after government takes equity stake

The deal gives Ottawa a roughly 6pc stake in Canada's largest carrier at a discount of 14pc, which prompted several analysts to cut their price targets.

Updated 14 Apr, 2021 12:02am

Business & Finance

Analysts cut Air Canada's PT after government agrees on equity stake

"Our target price declines due to the negative impact of greater short-term cash-burn and the impact of the dilution from the share and warrant issue on the price to equity component of our target," James added.
The Canadian government on Monday agreed to buy C$500 million worth of shares in the airline at C$23.1793 each.

Published 13 Apr, 2021 07:02pm

Business & Finance

Ottawa, Air Canada reach Can$5.9bn aid agreement

Air Canada has suffered a Can$4.6 billion loss, marked by a 73 percent drop in passenger numbers due to Covid-19.

Updated 13 Apr, 2021 04:33pm

World

Air Canada, Transat call off merger deal

TORONTO: Air Canada has called off its planned takeover of tour operator Transat over EU regulatory hurdles, they...

Updated 04 Apr, 2021 09:54am

Business & Finance

Air Canada and Transat terminate planned deal after EU advises against it

Air Canada said that following the recent discussions with the European Commission (EC), it has become evident, however, that the EC will not approve the acquisition based on the offered remedy package.
Air Canada in February refused to extend the deadline for its C$188.7 million ($150.19 million) deal for Transat, after European regulators failed to give the go-ahead for the buyout.

Published 02 Apr, 2021 09:44pm

Business & Finance

Air Canada posts biggest annual loss in nearly two decades as virus hits bookings

Airlines have been among the hardest hit by the coronavirus crisis that has led people to avoid air travel.
Air Canada, which was forced to cut more than 20,000 jobs in 2020, has been negotiating with the Liberal government since November for aid to support jobs.

Published 12 Feb, 2021 06:35pm

World

Canada to lift Boeing 737 MAX flight ban on January 20

Canada said in December it expected to rescind its flight ban on the Boeing 737 MAX in January after approving design changes to the aircraft, which was grounded in March 2019.

Published 19 Jan, 2021 12:27am

Business & Finance

Air Canada to reduce 1,700 employees as COVID-19 restrictions, lockdowns bite

The Canadian government is "disappointed by airlines' decisions to cancel more regional routes," a spokeswoman said by email.

Published 14 Jan, 2021 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 14	279.27
USD PKR Interbank Buying / Feb 14	279.07
USD to Japanese Yen / Feb 14	152.31
USD to Swiss Franc / Feb 14	0.90
Pound Sterling to USD / Feb 14	1.26
Euro to USD / Feb 14	1.05
UK LIBOR % / Feb 14	4.96

Stock	Volume
S&P 500 / Feb 14	6,114.63
India Sensex / Feb 14	75,939.21
Tokyo Nikkei / Feb 14	39,149.43
Nasdaq / Feb 14	20,026.77
Hang Seng / Feb 14	22,620.33
FTSE 100 / Feb 14	8,732.46
Dow Jones / Feb 14	44,546.08
Germany DAX 30 / Feb 14	22,513.42
France CAC40 / Feb 14	8,178.54

Item	Value
Crude Oil USD/Barrel / Feb 14	70.74
Karachi Cotton PKR/37.32 KG / Feb 14	17,785
Gold 10 Grams PKR / Feb 14	262,517
Gold Spot USD/Ounce / Feb 14	2,882.53
Cotton US¢/pound / Feb 14	68.31
Petrol/Litre / Feb 16	256.13
Diesel/Litre / Feb 16	263.95

Gainers
Losers
Leaders

Stock	Price
At-Tahur Ltd. / Feb 14 At-Tahur Limited(PREMA)	35.26 ▲ 3.21 (10.02%)
Saritow Spinning / Feb 14 Saritow Spinning Mills Limited(SSML)	23.84 ▲ 2.17 (10.01%)
Leather Up Ltd. / Feb 14 Leather Up Limited(LEUL)	38.02 ▲ 3.46 (10.01%)
Lucky Cement / Feb 14 Lucky Cement Limited(LUCK)	1,366.37 ▲ 124.22 (10%)
Suhail Jute / Feb 14 Suhail Jute Mills Limited(SUHJ)	108.35 ▲ 9.85 (10%)
Agriautos Ind. / Feb 14 Agriauto Industries Limited(AGIL)	115.49 ▲ 10.5 (10%)
Mandviwala / Feb 14 Mandviwala Mauser Plastic Industries(MWMP)	20.48 ▲ 1.86 (9.99%)
Sindh Abadgar / Feb 14 Sindh Abadgar's Sugar Mills Limited(SASML)	50.08 ▲ 4.55 (9.99%)
Popular Islamic / Feb 14 Popular Islamic Modaraba(PIM)	12.37 ▲ 1.04 (9.18%)
F.Credit & Inv / Feb 14 First Credit and Investment Bank Limited(FCIBL)	8.39 ▲ 0.7 (9.1%)

Stock	Price
Dewan Textile / Feb 14 Dewan Textile Mills Limited(DWTM)	6.80 ▼ -0.99 (-12.71%)
TPL Trakker Ltd / Feb 14 TPL Trakker Limited(TPLT)	7.55 ▼ -0.93 (-10.97%)
I.C.C. Ind. / Feb 14 ICC Industries Limited(ICCI)	10.77 ▼ -1.2 (-10.03%)
Redco Textile / Feb 14 Redco Textiles Limited(REDCO)	22.60 ▼ -2.51 (-10%)
Engro Powergen / Feb 14 Engro Powergen Qadirpur Limited(EPQL)	25.78 ▼ -2.86 (-9.99%)
D.M. Textile / Feb 14 D.M. Textile Mills Limited(DMTX)	63 ▼ -6.99 (-9.99%)
Universal Ins. / Feb 14 The Universal Insurance Company Limited(UVIC)	12.91 ▼ -1.43 (-9.97%)
Sakrand Sugar / Feb 14 Sakrand Sugar Mills Limited(SKRS)	12.11 ▼ -1.34 (-9.96%)
Idrees Tex. / Feb 14 Idrees Textile Mills Limited(IDRT)	12.81 ▼ -1.41 (-9.92%)
Sui South Gas / Feb 14 Sui Southern Gas Company Limited(SSGC)	32.68 ▼ -3.56 (-9.82%)

Stock	Volume
B.O.Punjab / Feb 14 The Bank of Punjab(BOP)	79,317,612 ▼ -0.66
Lotte Chemical / Feb 14 Lotte Chemical Pakistan Limited(LOTCHEM)	72,104,503 ▼ -1.12
Power Cement / Feb 14 Power Cement Limited(POWER)	40,290,839 ▼ -0.18
Sui South Gas / Feb 14 Sui Southern Gas Company Limited(SSGC)	32,711,461 ▼ -3.56
Hascol Petrol / Feb 14 Hascol Petroleum Limited(HASCOL)	31,600,150 ▼ -0.41
Dewan Motors / Feb 14 Dewan Farooque Motors Limited(DFML)	31,281,602 ▼ -2.6
Cnergyico PK / Feb 14 Cnergyico PK Limited(CNERGY)	20,508,125 ▼ -0.25
Fauji Foods Ltd / Feb 14 Fauji Foods Limited(FFL)	20,173,357 ▼ -0.24
Fauji Cement / Feb 14 Fauji Cement Company Limited(FCCL)	16,904,777 ▼ -1.09
WorldCall Telecom / Feb 14 Worldcall Telecom Limited(WTL)	16,467,161 ▼ -0.04

Markets →

Budget 2024-25: income tax calculator for FY25

Air Canada

Most Popular