HomeArchiveVery Hopeful Signs of Industry Recovery in Air Canada Report

Very Hopeful Signs of Industry Recovery in Air Canada Report

Air Canada has published its first quarter 2022 financial results and the news is very good in the following areas:

  • First quarter operating revenues of $2.573 billion, or about three-and-a-half times first quarter 2021 operating revenues
  • First quarter 2022 operating loss of $550 million compared to an operating loss of $1.049 billion in the first quarter of 2021
  • Advance ticket sales grew about $1.2 billion in the first quarter of 2022 from year end 2021
  • Airbus A321XLR order increased by four to 30 aircraft with IAE to supply related PW1100G-JM engines

“The substantial year-over-year improvement in Air Canada’s first quarter results is clear evidence that a recovery is underway. Our strong improvement is a testament to our employees, and I thank them for their hard work taking care of our customers throughout more than two years of a global pandemic. Now, our employees are demonstrating this same level of determination, commitment and passion in executing on our recovery strategy,” said Michael Rousseau, President and Chief Executive Officer of Air Canada.

Emer Roche
Emer Roche
Emer has over 10 years experience working for Irish magazines, supplements, websites and creative agencies. She’s written features for U Magazine, Image Magazine and theheyday.ie, across a range of subjects such as women’s interest, travel, culture, news and interviews. She also has a portfolio of commercial writing for creative agencies, such as RTE.ie and Originate Creative. Emer is a Dublin native with part of her heart in Ardmore, County Waterford. She lives in Dublin 7 with her husband, two kids, dog and cat.


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