MONTREAL: Air Canada forecast increased bookings for domestic and US-bound flights in the winter as travel restrictions ease after reported a bigger-than-expected quarterly loss. Canada’s largest carrier predicted slower cash burn as travel comes back, although bookings overall remain below pre-pandemic levels.
“We are seeing steadily increasing bookings for the domestic, trans-border and Atlantic markets and to sun destinations for the coming winter,” CEO Michael Rousseau said. “In fact, for the next winter sun travel, future bookings during some weeks in June were ahead of the same period in 2019.” Canada will allow fully vaccinated US tourists to enter the country from Aug 9, after a 16-month ban. — Reuters
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