Dear readers,
No fluff today: Air Canada’s most senior executives, many of whom are new to the job, took a straightforward approach Friday on their first quarter earnings call, as they discussed their narrow $4 million Canadian ($2.95 million U.S.) net profit. I’ll also keep it brief, sharing a few nuggets you might want know from the call.
Also in this issue: More consumers want longer connections, Air New Zealand will add business-plus seating and economy class bunks, and Virgin Atlantic lost money last year, yet again.
First, let’s talk about Air Canada, including the airline’s success in Japan, its investment in VFR flying, and its growing frequent flyer program.