Adds particulars on prices, background
Adds particulars on prices, background
Feb 18 (Reuters) – Air Canada AC.TO missed analysts’ estimates for quarterly revenue on Tuesday, because the airline spent extra on sustaining older plane in its fleet amid the grounding of Boeing Co’s BA.N 737 MAX jet.
Canada’s largest airline mentioned it expects plane upkeep bills to extend by about C$150 million ($113.2 million) this yr from 2019.
Air Canada has centered on bettering margins whereas assembly rising demand on key home and worldwide routes, however faces capability constraints because of the world grounding of the 737 MAX airplane.
North American airways have confronted greater prices and canceled hundreds of flights because the grounding following two crashes involving the mannequin.
Air Canada, which is renewing its Airbus narrow-body fleet with MAX plane, had anticipated to develop its fleet of 24 MAX jets to 50 by mid-2020.
The…