AIR CANADA POSTS LOSS, WILL CUT STAFF
Air Canada reported a fourth-quarter loss of Canadian $13.2 million
($8.7 million), mainly because of a two-week pilot strike in September.
The airline, which earned C$62 million in the fourth quarter of 1997,
said it would eliminate an additional 450 jobs this year to reduce costs.
The airline has already cut 1,275 jobs.
Air Canada reported a net loss for the year of C$10.6 million, compared
to a net profit of $282 million in 1997.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now