Edition:
India

Air Canada Says Will Look At Ways To Reduce Costs, Including Possible Cancellations Of Boeing, Airbus Aircraft On Order - Conf Call


Friday, 31 Jul 2020 

July 31 (Reuters) - Air Canada ::AIR CANADA EXEC SAYS TRAVEL IS RESUMING SLOWLY IN DOMESTIC MARKETS - CONF CALL.AIR CANADA EXEC SAYS WILL LOOK AT WAYS TO REDUCE COSTS, INCLUDING FURTHER ROUTE SUSPENSIONS & POSSIBLE CANCELLATIONS OF BOEING AND AIRBUS AIRCRAFT ON ORDER.AIR CANADA EXEC SAYS POSSIBLE CANCELLATIONS OF BOEING AND AIRBUS AIRCRAFT ON ORDER, INCLUDE AIRBUS A220, FORMER BOMBARDIER C SERIES MANUFACTURED AT MIRABEL, QUÉBEC.AIR CANADA EXEC SAYS THIS SUMMER CO PLANS TO SERVE 91 DESTINATIONS, CLOSE TO DOUBLE THE NUMBER IT OPERATED IN MAY.AIR CANADA EXEC SAYS CO HAS STARTED TO SEE SOME SIGNS OF RECOVERY IN DOMESTIC OPERATIONS, SPECIFICALLY WITH ITS TRANSCONTINENTAL SERVICES AND IN WESTERN CANADA.AIR CANADA EXEC EXPECTS RECOVERY TO BE SLOW, UNEVEN OVER THE ATLANTIC, WITH TRAVEL RESTRICTIONS AND CANADA'S BORDER CLOSURE STILL IN PLACE FOR EUROPEANS.AIR CANADA EXEC SAYS GIVEN LARGE LEISURE MARKET OVER THE PACIFIC, EXPECTS RELATIVELY STRONG RETURN OF PASSENGER DEMAND ONCE TRAVEL RESTRICTIONS EASE.AIR CANADA EXEC SAYS CO WILL NOT PROVIDE GUIDANCE ON Q4 CASH BURN GIVEN UNCERTAINTY ON BORDER CLOSURES, 14-DAY QUARANTINE.AIR CANADA EXEC SAYS CO IS SEEING SOME SECTORS PERFORMING A BIT BETTER OUT WEST FROM A CORPORATE POINT OF VIEW.AIR CANADA EXEC SAYS CONTINUES TO OPERATE TO HONG KONG WITH RELATIVELY LOW PASSENGER DEMAND BECAUSE CARGO DEMAND IS STRONG IN THAT MARKET.AIR CANADA EXEC SAYS CUSTOMERS ARE BOOKING A LITTLE BIT CLOSER TO DEPARTURE THAN WHAT WE'VE SEEN IN THE PAST.