07:10:39 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Air Canada
Symbol AC
Shares Issued 358,456,806
Close 2023-08-17 C$ 22.90
Market Cap C$ 8,208,660,857
Recent Sedar Documents

Globe says Air Canada told business travel still down

2023-08-17 07:50 ET - In the News

Also In the News (C-ONEX) Onex Corp

The Globe and Mail reports in its Thursday edition that count the corporate traveller as one more casualty of the COVID-19 pandemic. The Globe's Eric Atkins writes that as vacationers return to the skies for holidays and family visits, business trippers are flying less and Zooming more. Over all, corporate travel is not what it used to be -- and it might never come all the way back, experts say. "There is no doubt the market for classic corporate business travel has declined," says John Grant, an analyst at aviation consultancy OAG. "It seems that there's a lot more people who are working from home and are much more time-effective than they were travelling. That's not just in the North American market. We're seeing that European market and in Asia, particularly," Mr. Grant added. For business travel to conventions and trade shows, the recovery to prepandemic spending will be delayed until 2025 or 2026. At the Vancouver Convention Centre this year, the number of events has rebounded sharply to 413, although still down from 478 in 2019. The number of U.S. and international attendees is down anywhere from 5 per cent to 20 per cent from prepandemic levels, said Claire Smith, the centre's vice-president of sales.

© 2024 Canjex Publishing Ltd. All rights reserved.