Michael Rousseau is asking the Canadian government to remove hotel quarantines every quarter during its first quarter … [+] Conference call since his appointment as CEO of Air Canada

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Michael Rousseau is asking the Canadian government to remove hotel quarantines in his first quarterly conference call since he was appointed CEO of Air Canada. It should be eliminated. “Air Canada recently reported a loss of $ 1.3 billion in the first quarter. Rousseau continued, “We believe that a modified and more relevant approach to testing and quarantine with a vaccination program currently running at the national level would ensure the safety of Canadians while allowing our country to reopen to international travel.”

In one Press release Announcing his first quarter losses, Rousseau stated, “The persistence of COVID-19 and its resurgence in Canada are weighing heavily on Canada’s aviation industry, which is reflected in Air Canada’s first quarter results. Still, through the hard work and dedication of our employees We have a limited schedule for the necessary travel and shipping of essential cargo. I would like to thank our employees for their professionalism and assure them, our investors and everyone involved that better times are ahead for our airline. ”

Canada currently has some of the strictest travel regulations in the world. International air travelers have to take a three-day hotel stay and a 14-day quarantine.

Michael Rousseau is asking the Canadian government to remove hotel quarantines every quarter during its first quarter … [+] Conference call since his appointment as CEO of Air Canada

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The news releases reported that operating income was $ 729 million for the first quarter of 2021, a decrease of $ 2.993 billion, or 80 percent, from the first quarter of 2020. “During the quarter, the cash burn rate improved from Air Canada gradual, albeit moderate, given the ongoing impact of the pandemic on pre-sale tickets: Air Canada had nearly $ 6.6 billion in cash at the end of the quarter, after which we entered into a financial package with the Canadian government (mostly of repayable Loan exists) to give access to up to $ 5.9 billion, which not only serves as a layer of insurance, but also provides the resources needed to rebuild and compete in the post-pandemic world when needed are.

“We continue to pursue other revenue opportunities. Air Canada Cargo has completed more than 7,500 all-cargo flights since March last year. We are building our transformed Aeroplan program and building a well-received partnership with Starbucks in Canada. We have counted on customers and.” Employee focus, we are the first Canadian airline to earn APEX Diamond Status for our COVID-19 Air Canada CleanCare + Biosafety program, and for the eighth time named one of Montreal’s Best Places to Work and Canada’s Best Diversity Workplace For the sixth year in a row, we are continuing our commitment to sustainability and are now aiming to achieve net zero emissions by 2050. To achieve this, we have set absolute medium-term net reduction targets for our air and ground operations by 2030 Greenhouse gases compared to our baseline set for 2019 and are committed to 50 million Invest US dollars in sustainable aviation fuel and in reducing and removing carbon emissions, “said Rousseau.

“With these and other measures, Air Canada stands ready to emerge strong from the pandemic. It is now important that governments communicate and implement a reopening plan for our country, recognizing that a healthy aviation sector is critical to Canada’s economic recovery Start by replacing blanket restrictions with scientifically based testing and limited quarantine if necessary, Canada can reopen and safely relax travel restrictions once vaccination programs are put in place. We have seen this elsewhere, particularly in the US Travel bounces back as COVID-19 recedes and restrictions recede and we anticipate this can be repeated in Canada, “concluded Rousseau.