Airline industry in trouble

By Sunday, November 29, 2020 0 No tags Permalink 0

On November 28 the Report on Business section of The Globe and Mail published an article today titled, "Airline workers struggle to find employment as COVID-19 decimates industry." Some excerpts: Canada's industry was a $10 billion industry. Now $350 million, annualized.There were 80,000 employees in the industry. Now 50,000, buoyed up by wage subsidies. That suggests more ...

Is Porter in financial trouble?

By Monday, November 23, 2020 0 No tags Permalink 0

This is a delicious story. A Globe article on Saturday revealed that Porter Airline, the scourge of Toronto’s waterfront, is having trouble paying its bills. That’s not a surprise, since it hasn’t operated since March, and has no plans to restart until next February, at the earliest. We’ve all savoured the peace and quiet we’ve had on ...