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Air Canada Blames Trade Disputes For Cargo Decline
Tuesday, July 30, 2019 - 2:47pm | 292Air Canada (TSE: AC) reported a 12.1 drop in quarterly cargo revenue on weaker volumes on its Atlantic and Pacific routes stemming from trade disputes. Canada's largest airline brought in C$177 million (a Canadian dollar equals US$0.76) from cargo operations during the second quarter of 2019...
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Air Canada To Buy Transat
Thursday, June 27, 2019 - 12:11pm | 258Air Canada (TSE:AC) will acquire Transat A.T. (TSE:TRZ), the parent company of Canada's third-largest airline, strengthening its position as the country's dominant carrier. The companies announced on June 27 that they had reached a final agreement for Air Canada to pay C$520 million, or C$13 per...
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Air Canada Cargo To Offer Drone-Delivery Services
Tuesday, June 4, 2019 - 3:44pm | 335Air Canada Cargo will offer drone-based services thanks to a new agreement with Drone Delivery Canada (TSXV: FLT), a Toronto-based startup that makes autonomous cargo aircraft and a proprietary flight platform. Drone Delivery Canada (DDC) announced the agreement on June 4. Air Canada (TSE: AC)...
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The 10 Best-Performing Billion Dollar Companies On The OTC Markets In Q1
Tuesday, April 30, 2019 - 11:16am | 736In February we wrote about the six major indices that can be used to help track the performance of securities on OTC Markets. For this article, we’re going to look a little closer at one of those indices—the OTCQX Billion+ Index, which tracks the performance of the billion-dollar...
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GE's Capital Aviation Services Delivers First Of 2 New Leased Boeing 787-9s To Air Canada
Tuesday, May 31, 2016 - 2:38pm | 224General Electric Company (NYSE: GE)'s Capital Aviation Services (GECAS) revealed the delivery of a new leased Boeing 787-9 aircraft powered by its GEnx engines to Air Canada as part of a purchase-and-leaseback transaction with the airline. General Electric's unit said that a second new 787-9...
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Digging Into Stifel's 'Frequent Flyer' Monitor
Monday, June 8, 2015 - 12:01pm | 528In a report published Monday, Stifel analyst Joseph DeNardi discussed "frequent flyer" airline and air travel related events he is following. Thoughts From Alaska Air Meetings DeNardi hosted Alaska Air Group, Inc. (NYSE: ALK)'s management for a meeting and offered the following...
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Gogo Trades Lower As Analysts Dissect Future Prospects
Tuesday, August 12, 2014 - 1:07pm | 700Gogo (NASDAQ: GOGO) on Monday reported its second quarter results. The company lost $0.22 per share, a penny better than analysts expected while revenue of $99.50 million came in $0.1 million better than expected. Net loss for the quarter improved to $18.7 million from $72.6 million a year ago...
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Boeing Takes The Lead Over Airbus In New Orders
Monday, April 7, 2014 - 1:04pm | 570When it comes to new airplane deals, there are exactly two titans – Boeing (NYSE: BA) and Airbus (OTC: EADSY). As of the end of the first quarter, Boeing jumped ahead of Airbus, a position it definitely wants to maintain. The change of position resulted from cancellations of Airbus orders and...
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Benzinga's Political Roundup June 15, 2011
Wednesday, June 15, 2011 - 12:11pm | 85Greek Prime Minister George Papandreou offered to step down today if it will lead to a new bailout plan. The Wisconsin Supreme Court allowed a law that curbs the collective bargaining rights of public workers to take effect. The Canadian government is trying to end a strike by Air Canada's...