January 18th, 2021

Canadian Press NewsAlert: Air Canada slashes capacity, cutting more jobs

By The Canadian Press on January 13, 2021.

The Air Canada logo is seen on a hangar at Vancouver International Airport, in Richmond, B.C., on Friday, March 20, 2020. Air Canada has advised airports in Atlantic Canada that it will suspend more routes in the region until further notice. THE CANADIAN PRESS/Darryl Dyck

MONTREAL – Air Canada says it is reducing its first-quarter capacity by 25 per cent, a move that will mean the loss of about 1,700 jobs at the airline.

The Montreal-based carrier says the cuts will also affect more than 200 employees at its Express carriers.

Air Canada says with the cuts its capacity in the first quarter of 2021 will be about 20 per cent of what it operated in the first quarter of 2019.

More coming.

Companies in this story: (TSX:AC)

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