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Montreal - Transat A.T. Inc. today announced that its Board of Directors has authorized an offer to repurchase for cancellation up to $125 million of its Class A Variable Voting Shares and Class B Voting Shares, at a purchase price of not less than $17.50 per share and not more than $20.00 per share. This represents up to 7,142,857 of these shares or 18% of the Corporation’s 40,156,450 total issued and outstanding Class A Variable…
MONTREAL - Air Canada has expanded its line of multi-trip online pass products with the launch today of four new Flight Passes offering unbeatable buy-in-bulk savings for leisure travellers. Air Canada's new Flight Passes offer savings of up to 70 per cent off already discounted airfares for travel within Canada until March 31, 2006, and to popular sun destinations including Hawaii until September 30, 2006. The new Flight Passes are available for purchase today until…
MONTREAL - Air Canada today welcomed the successful conclusion of an Open Skies Agreement for Canada and the United States. The agreement was reached in Washington late on Thursday November 10, following discussions involving officials from the Canadian and U.S. Governments as well as representatives of Canadian and U.S. airlines and airports.
MONTREAL - Air Canada today unveiled one of the most innovative and comfortable in-flight experiences available with all-new seating across its entire fleet, featuring an industry-leading lie flat seat for its international Executive First customers. In addition, Air Canada is outfitting its Executive Class cabins on North American routes with new premium seats, and all of its Hospitality cabins fleet-wide will be reconfigured with new seats offering personal seat back entertainment systems with an increased…
Doug Newson, CanJet Airlines Director, Marketing & Sales, announced today that Canada’s Low Fare Airline has extended its Fall Seat Sale until midnight (Atlantic Standard Time), November 6, 2005. He stated, “Our Fall Seat Sale, which offers huge savings across our route network, has been a major hit with customers and, due to the high demand for our product since the launch of this sale, we have decided to extend it until November 6th.”
MONTREAL - Air Canada reported a system load factor of 77.9 per cent in October 2005. The mainline carrier flew 4.9 per cent more revenue passenger miles (RPMs) in October 2005 than in October 2004, according to preliminary traffic figures. Overall, capacity increased by 4.7 per cent, resulting in a load factor of 77.9 per cent, compared to 77.7 per cent in October 2004; an increase of 0.2 percentage points. In the domestic market, capacity…
CALGARY - WestJet announced its traffic statistics for October 2005 today, featuring a 16.5% increase in revenue passenger miles (RPMs) to 665.6 million, up from 571.5 million in October 2004. Year to date, RPMs increased 28.0% to 6,616.4 million from 5,169.0 million in the same period in 2004.
CALGARY - WestJet today announced its 2005 third quarter results with net earnings up 43.6% to $30.3 million compared to $21.1 million achieved during the same period last year. In the first nine months of 2005, the airline achieved net earnings of $23.0 million compared to $29.1 million during the first nine months of 2004.