Air Canada says booking demand remains resilient despite fare hikes
Updated
Updated · The Wall Street Journal · May 1
Air Canada says booking demand remains resilient despite fare hikes
10 articles · Updated · The Wall Street Journal · May 1
Chief commercial officer Mark Galardo said third-quarter load factor is on track to top last year’s, with no booking slowdown seen in coming quarters despite higher fuel-driven fares.
He said North American demand appears more resilient than transatlantic and transpacific markets, suggesting regional strength is helping offset softer long-haul trends.
The comments address investor concerns that airlines raising prices to cope with a jump in fuel costs could start to weaken passenger demand and earnings momentum.
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