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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 / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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