06:27:13 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Air Canada
Symbol AC
Shares Issued 358,406,964
Close 2023-03-28 C$ 18.31
Market Cap C$ 6,562,431,511
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Globe says Air Canada hears feds keen to help fliers

2023-03-29 08:49 ET - In the News

Also In the News (C-ONEX) Onex Corp
Also In the News (C-TRZ) Transat AT Inc

The Globe and Mail reports in its Wednesday edition that the federal government promised in its 2023 budget to address "unacceptable flight delays, long lineups at airports, and mishandled baggage" that affected Canadians last year by strengthening the rights of passengers and improving their experience at airports. The Globe's Sean Silcoff writes that the budget proposes $1.8-billion over five years to the Canadian Air Transport Security Authority (CATSA) to maintain and increase service levels, improve screening wait times and strengthen airport security measures. The budget also proposes legislative changes that will require sharing and reporting of data by airports and airlines to reduce delays and improve co-ordination. Transport Canada will get $5.2-million over five years to collect and analyze air-sector performance data. The government said it would amend the Canada Transportation Act to beef up airline obligations to compensate passengers for delays and cancellations. The budget stated the changes would "align Canada's air passenger rights regime with those of leading international approaches and ensure that Canadians are fairly compensated for travel delays that are within airlines' control."

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