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May 27, 2009

Air Canada: Its All About Cash

Every Penny Counts...

Air Canada, which sits on the brink of a possible second bankruptcy in six years, has received some good news. The Toronto Star reports Canada's largest airline has reached a preliminary agreement with a credit-card processor that will reduce the amount of cash Air Canada is required to keep on hand.

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Virgin Atlantic's Ridgway: No Major Airline Will Make Money This Year

But Virgin Atlantic's Profits Are UP So Far

More airline industry news from across the pond today. Virgin Atlantic CEO Steve Ridgeway said today that no major airline should expect to make a profit this year, in the face of the global economic downturn.

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