[whatnext]

AC released their Q1 results. I hadn't realized so many A220s were out of service with GTF issues.

Air Canada reports first-quarter loss, expenses up as carrier added seat capacity
ERIC ATKINSTRANSPORTATION REPORTER
PUBLISHED 8 HOURS AGO
FOR SUBSCRIBERS

Air Canada slumped to a loss in the first quarter as the country’s largest airline faced higher expenses after it added seat capacity.

For the three months ending on March 31, Montreal-based Air Canada lost $81-million or 22 cents a share, compared with profit of $4-million in the same quarter a year earlier.

Operating revenues rose 7 per cent to $5.2-billion from a year ago, and capacity increased 11 per cent, Air Canada said in an earnings release on Thursday.

Operating expenses climbed by 6 per cent or $311-million, compared with the same quarter of 2023. “The increase was due to higher costs in nearly all line items reflecting higher operated capacity and traffic year over year, in addition to higher labour, maintenance and information technology expense. Lower fuel expense partially offset the increase,” Air Canada said in a statement, released before markets opened...

....The airline is also adding leased Boeing 737 Max jets that are expected to be flying next year.

Mr. Rousseau declined to say how many 737s will join the fleet. The addition of the 737s is a “defensive” move to replace some of the six or seven Airbus A220s that are grounded because of problems with the Pratt & Whitney engines. Like other affected airlines, Air Canada is in talks with the engine maker for compensation, he said. The airline has 33 A220s, a narrow-body plane developed as the C Series by Bombardier....

https://www.theglobeandmail.com/busi...nings-quarter/