Pilots React to Air Canada’s Q2 Financial Results
TORONTO, ONT.—Today, Air Canada reported its second-quarter financial results, including adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $914 million, a 16.6 percent margin. In addition, Air Canada has generated net cash flows from operating activities of $1.507 billion year to date. With continued strong demand and ongoing capacity adjustments, Air Canada remains on track to generate more than $3 billion in EBITDA for full-year 2024. The Air Canada pilots, represented by the Air Line Pilots Association, Int’l (ALPA), have issued the following response.
Air Canada pilots have been in contract negotiations with their employer since June 2023. They are currently in federal conciliation, which will end on August 26, at which time a 21-day cooling-off period will begin. If a new contract is not reached between the two parties by the end of the cooling-off period, the pilots, who have a strike ballot set to close on August 22, will be in a legal strike position as soon as September 17, 2024.
“We want to reach an agreement with Air Canada to avert a strike. However, management continues to force us closer to a strike position by not listening to our needs at the negotiating table regarding fair compensation, respectable retirement benefits, and quality-of-life improvements,” said F/O Charlene Hudy, chair of the Air Canada ALPA Master Executive Council. “Air Canada pilots continue to fall behind our industry peers in total compensation who make significantly more for flying the same aircraft on the same routes. This disparity is unacceptable and needs to be addressed. Failing to improve our pilots’ wages and working conditions will negatively impact management’s ability to attract and retain pilots, which will negatively impact Air Canada’s future growth plans.”
Visit aircanadapilots.ca for up-to-date information.
Founded in 1931, ALPA is the largest airline pilot union in the world and represents more than 78,000 pilots at 41 U.S. and Canadian airlines. Visit ALPA.org or follow us on Twitter @ALPAPilots.
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CONTACT: ALPA Media, 703-481-4440 or Media@alpa.org
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