Air Canada reports Big Loss in 2021 but sees positive outlook for 2022

Air Canada reported a significant loss in 2021, with over 3 Billion dollars lost in revenue. However, they are adding flights and bringing back staff as they hope that regulations, restrictions, and rules ease up.

They also stated that they would increase capacity on their planes as things start to open up more, and increase the number of flights as well.

Canadian airlines saw a bigger loss than America did, as their restrictions are much more strict.

Citi Analyst Stephen Trent provided some insight on the industry and Air Canada. “Although booking curve improvements and air cargo volume growth looks very encouraging …Air Canada’s pandemic-era recovery continues to lag its U.S. peers…”

Lucie Guillemette, Chief Commercial Officer, said that they are hoping for a rebound in travel and demand picks up as well.

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