Canadian airlines are gaining altitude at the moment. The low dollar is attracting international visitors, keeping Canadians travelling within the country, and for those travelling internationally, reducing their incentive to fly out of U.S. airports. Low jet fuel prices have also provided a boost to the industry’s bottom line, pushing pre-tax profit margin to record levels.
However, the outlook is not all blue skies. Canadian air carriers are also contending with a weak domestic economy where softer labour markets continue to restrain consumer spending. The fallout from the swooning oil patch continues to hurt business travel. Furthermore, new low-cost carriers are launching in the Canadian market, which will put downward pressure on prices and weigh on industry revenues over the medium-term. So how will the industry fare in 2016?
Join Todd Crawford as he discusses the newly-completed economic outlook for the Canadian Air Transportation Industry, and explores why and how airlines will be expected to balance the competing trends looming on the horizon. Based on the Conference Board’s unique Industrial Economic Trends model, this webinar provides a perspective you won’t find anywhere else, and expert analysis on key indicators including: production, price, investment, employment revenues, labour and material costs, profits and profit margins.