Canada's Air Transportation Industry: Industrial Outlook Summer 2014
The Conference Board of Canada, 9 pages
September 5, 2014
This report examines the short-and medium-term economic and profitability outlook for Canada’s Air Transportation Industry.
- Robust Traffic Growth—Currency surcharges and higher airfares are not discouraging Canadians from flying, with Air Canada and WestJet both recording robust traffic growth since the beginning of the year.
- Review of Canada Transportation Act—Transport Canada recently announced a review of the Canada Transportation Act, with one of the objectives being to examine how the global competitiveness of Canada’s aviation sector can be maintained and improved.
- Profits—Increases in revenues, thanks to strong growth in traffic and prices, will not be enough to offset the cost increases associated with the weaker dollar, leading to lower pre-tax profits this year.