The media air scare would effect all including a monopoly, along with exorbitant fuel costs. Regardless, you're right! It would be interesting to see accurate AC financial records. That's a crowd of cash! ----- Original Message ----- From: Alex Nieves <alexnieves1@juno.com> To: <AIRLINE@LISTSERV.CUNY.EDU> Sent: Thursday, February 07, 2002 1:59 PM Subject: Re: Air Canada posts record $1.25 billion loss for 2001 > 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 >