Air Canada says it suffered a $270 million hit to revenue and additional costs due to last month’s flight attendant strike.
It released its estimated financial impact and as a result, has updated its full year guidance.
It also updated guidance for the third quarter which ends September 30.
It said capacity is down by about 2% on 2024, due to grounding 3,200 flights during the days long strike action.
It $270 million estimate is made up of revenue loss from lower bookings, refunds and passenger compensation payments.
There were also ‘unforeseen labor-related operating costs’ the airline said.
Air Canada says it is working hard to resolve every passenger compensation claim and has processed about 60,000 so far.
Meanwhile, Air Canada and union CUPE are going to arbitration to try and finalize the four-year pay agreement.
