Air Canada's managers must be terrible at running an airline! If you have almost a monopoly in a market (AC's market is full-service, coast-to-coast airline just in case y'all were thinking Westjet and Air Transat, etc), how can you possibly lose so much money? Did they do that bad on international routes? Or was traffic to and from the US the major problem for AC? If anyone can shed some light into this so I don't stay in the dark, i'd appreciate it. That amount of loss just leaves me wondering! Alex Nieves On Thu, 7 Feb 2002 12:32:57 -0600 Roger James <ejames@escape.ca> writes: > Air Canada posts record $1.25 billion loss for 2001 > Last Updated Thu, 07 Feb 2002 13:07:34 > > MONTREAL - Air Canada said Thursday it lost a record $1.25 billion > last > year, its worst financial performance since 1992. > Canada's national carrier reported it lost $10.43 a share for 2001. > Air > Canada's fourth quarter and full year performance reflect the > extraordinarily difficult environment in which we and other > comparable > North American carriers were operating," chief executive Robert > Milton said > in a news release. Financial analysts say while the airline has > benefited > from cost-cutting measures, they aren't enough to offset a lack of > passengers. "Like the rest of the international airline industry, > we > experienced an unprecedented decline in business travel due to the > economic > downturn along with high fuel prices. Then came the devastating > impact of > Sept. 11," read Milton's release. Air Canada's yearly revenues fell > 11 > percent, from $10.8 billion to $9.6 billion. > > Written by CBC News Online staff > > > > The owner of Roger's Trinbago Site: > Roj (Roger James) > > *************************************************** > Trinbago site: http://www.tntisland.com > ICQ: ICQ # 15836110 > ICQ Pager: mailto:15836110@pager.icq.com > escape email #!1 mailto:ejames@escape.ca > yahoo email #2: mailto:triniroj@yahoo.com > Yahoo Pager: triniroj > Caribbean Brass & Soca Connection Group on Yahoo: > http://groups.yahoo.com/group/caribsocabrass > Caribbean Brass & Soca Connection Club Website > http://www.tntisland.com/caribbeansocabrassconnection/ > ******************************************************* > Steel Expressions Orch > http://www.escape.ca/~ejames/se/ > email #1: mailto:steelexpressions@yahoo.com > email #2: mailto:steelexpressions@home.com > ******************************************************* > The Trinbago Site of the Week: > (Revellers Mas Band) http://www.revellers.com/ > (Trini Revellers Mas Band) > courtesy of Roj Trinbago Website & TnT Web Directory > Roj's Trinbago Website: http://www.tntisland.com > TnT Web Directory: http://195.224.187.36/ > ********************************************************* > Alex