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BRIEF-Air Canada Discontinues Service On 30 Domestic Regional Routes

Published 2020-06-30, 11:09 a/m
© Reuters.
AC
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June 30 (Reuters) - Air Canada AC.TO :

* AIR CANADA DISCONTINUES SERVICE ON 30 DOMESTIC REGIONAL ROUTES AND CLOSES EIGHT STATIONS IN CANADA

* AIR CANADA - INDEFINITELY SUSPENDING SERVICE ON 30 DOMESTIC REGIONAL ROUTES

* AIR CANADA - CLOSING EIGHT STATIONS AT REGIONAL AIRPORTS IN CANADA.

* AIR CANADA - EXPECTS INDUSTRY'S RECOVERY WILL TAKE A MINIMUM OF THREE YEARS

* AIR CANADA - COMPANY-WIDE COST REDUCTION AND CAPITAL DEFERRAL PROGRAM, THAT HAS TO DATE IDENTIFIED AROUND $1.1 BILLION IN SAVINGS

* AIR CANADA - A WORKFORCE REDUCTION OF APPROXIMATELY 20,000 EMPLOYEES

* AIR CANADA - PERMANENT REMOVAL OF 79 AIRCRAFT FROM ITS MAINLINE AND ROUGE FLEETS

* AIR CANADA - REDUCTION OF SYSTEM-WIDE CAPACITY BY ABOUT 85 PER CENT IN Q2 COMPARED TO LAST YEAR'S Q2

* AIR CANADA - EXPECTED Q3 CAPACITY REDUCTION OF AT LEAST 75% FROM Q3 OF 2019

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