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International Air Transport Association

International Airlines Set to Generate $803 Billion in Revenue, Anticipating 4.5 Billion Passengers

The International Air Transport Association has revised its outlook for 2023, announcing an anticipated increase in profitability for the airline industry. During the 79th Annual General Meeting and World Air Transport Summit held in Istanbul, Turkey, Willie Walsh, the Director-General of IATA, stated that net profits for the airline industry are projected to reach $9.8 […]

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Air Canada Reports First Quarter Loss of $17 Million in 2023

Air Canada Reports First Quarter Loss of $17 Million in 2023

Air Canada Reports Strong Recovery with Doubled Passenger Revenue and Increased Capacity. Air Canada recently announced impressive post-pandemic rebound figures, revealing that it has doubled its passenger revenue compared to the previous year and experienced a significant capacity improvement of over 53%. The airline’s operating revenues have reached CA $4.88 billion ($3.57 billion), demonstrating a…

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Drilling Companies Halt Natural Gas Production in Canada

Drilling Companies Halt Natural Gas Production in Canada Following Renewed Wildfire Outbreak

(Bloomberg) – Recent days have witnessed a resurgence of wildfires in Alberta, Canada’s main energy-producing province, leading one drilling company to suspend some of its production once again. The wildfires have forced Pipestone Energy Corp. to temporarily halt approximately 20,000 barrels of oil equivalent per day (boed) since Friday, as the fires approached certain processing…

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