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Enter Symbol
or Name
USA
CA



Air Canada
Symbol AC
Shares Issued 273,076,646
Close 2018-02-06 C$ 23.36
Market Cap C$ 6,379,070,451
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Globe says Air Canada accused of price gouging in Que.

2018-02-07 08:25 ET - In the News

The Globe and Mail reports in its Wednesday edition that opposition politicians in Quebec are calling for the renewed regulation of ticket prices in response to pressure from regional mayors who complain of price gouging by Air Canada. The Globe's Konrad Yakabuski writes that complaints over ticket prices among Quebeckers who live in far-flung communities prompted the provincial government to hold a summit on the issue last week. Facing an election this year, Premier Philippe Couillard promised more subsidies for regional air travellers and airports. Montreal-based Air Canada boasts a monopoly on two-thirds of the routes in the province. That means you can usually buy a Montreal-Paris return ticket for less than you need to fork out to fly to Gaspe. Critics accuse Air Canada of temporary price cuts when new carriers show up, followed by price hikes once the competition has been seen off. Quebec's municipal lobby has sought to lure established carriers Porter and WestJet to take on Air Canada on lower-density routes in the province, but they have so far demurred. Hence, they are asking governments to decree a minimum-fare price to prevent Air Canada from undercutting prospective competitors in the future.

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