Re: Air Canada posts record $1.25 billion loss for 2001

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The obvious interesting comparison to the AC situation is QF in =
Australia. While QF may also be losing money on international routes at =
the moment - they are sure raking it in domestically after the collapse =
of AN. QF is currently the only full service airline in Australia. There =
are other no frills airlines similar to what's on offer in Canada.

So if QF can make record profits on a domestic market the size of =
Australia, then I think AC must surely be able to do likewise or at =
least break even in the larger Canadian market. What are they doing =
wrong ?? Cant still be due to paying to much for Canadian Airlines =
surely.? Any ideas ??

Maybe they should practice their skills while playing AIRLINE. :-)






----- Original Message -----=20
From: "Carolyn Stoughton" <carlyn@ont.com>
To: <AIRLINE@LISTSERV.CUNY.EDU>
Sent: Friday, February 08, 2002 12:56 PM
Subject: Re: Air Canada posts record $1.25 billion loss for 2001


> 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!
>=20
> ----- 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
>=20
>=20
> > 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
> >
>=20

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